Zip 61874 (Savoy, IL) Housing

Housing in 61874 Savoy, IL is a great investment for buyers due to the strong appreciation rate. The median value of a home in 61874 Savoy, IL is currently $283,700, which is significantly lower than the US median value of $338,100. The 1 year house appreciation rate in 61874 Savoy, IL is 8.72%, compared to the US average of 8.27%. This means that investments in housing in this area tend to appreciate more quickly than those elsewhere, making it an attractive option for those looking for a return on their investment.

The median home cost in Savoy (zip 61874) is $283,700. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Savoy (zip 61874) is up 14.5%.

Average Age of Homes

- The median age of Savoy (zip 61874) real estate is 23 years old

The Rental Market in Savoy (zip 61874)

- Renters make up 48.2% of the Savoy (zip 61874) population
- 5.5% of houses and apartments in Savoy (zip 61874), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Savoy, Illinois	United States
	3,778.0	139,647,020.0
	26	42
	$283,700	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$20.31	$10.98
	$4,794	$2,690
	51.1%	57.4%
	9.7%	11.2%
	39.2%	31.4%
Vacant Housing
	5.5%	1.9%
	1.5%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	1.7%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	1.5%	3.9%
	0.7%	4.5%
	14.2%	11.3%
	14.8%	13.0%
	41.5%	20.1%
	22.2%	13.6%
	2.5%	8.3%
	1.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	24.0%	13.6%
	24.0%	13.6%
	20.0%	13.6%
	11.4%	13.2%
	15.4%	14.8%
	20.0%	13.6%
	3.2%	10.0%
	0.4%	4.7%
	1.6%	12.2%

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