Zip 61078 (Shannon, IL) Housing

The housing market in Shannon, IL (61078) is very affordable compared to the US median value. The house median value for Shannon is $137,200, much lower than the US median of $338,100. However, homeowners in Shannon have seen an impressive rate of return on their investment over the past year with a 7.18% appreciation rate compared to the US 1 year appreciation rate of 8.27%. This means that despite its affordability, Shannon is experiencing strong growth in its housing market and a good opportunity for potential buyers.

The median home cost in Shannon (zip 61078) is $137,200. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Shannon (zip 61078) is up 14.1%.

Average Age of Homes

- The median age of Shannon (zip 61078) real estate is 55 years old

The Rental Market in Shannon (zip 61078)

- Renters make up 20.3% of the Shannon (zip 61078) population
- 3.1% of houses and apartments in Shannon (zip 61078), 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	Shannon, Illinois	United States
	581.0	139,647,020.0
	60	42
	$137,200	$338,100
	14.1%	16.6%
	42.4%	57.0%
	50.3%	101.1%
	$16.61	$10.98
	$2,020	$2,690
	72.6%	57.4%
	16.7%	11.2%
	10.7%	31.4%
Vacant Housing
	3.1%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.9%	3.6%
	10.7%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.7%	2.4%
	6.2%	2.8%
	14.2%	3.9%
	10.7%	4.5%
	32.0%	11.3%
	17.3%	13.0%
	14.7%	20.1%
	1.9%	13.6%
	0.0%	8.3%
	0.7%	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%
	6.5%	13.6%
	6.5%	13.6%
	6.9%	13.6%
	2.9%	13.2%
	16.5%	14.8%
	6.9%	13.6%
	8.1%	10.0%
	1.5%	4.7%
	38.4%	12.2%

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