The housing market in Shipman, IL (ZIP Code 62685) is very affordable compared to the nationwide average. The median home value in Shipman is $112,700, which is significantly lower than the US median home value of $338,100. Additionally, the one-year appreciation rate for homes in Shipman was 6.36%, which falls below the current national average of 8.27%. This indicates that housing prices are still relatively stable and not experiencing any inflationary pressures. Despite this, it is still an attractive option for people looking for a cost-effective place to live or invest in real estate.
The median home cost in Shipman (zip 62685) is $112,700. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Shipman (zip 62685) is up 11.6%.
Average Age of Homes
- The median age of Shipman (zip 62685) real estate is 42 years old
The Rental Market in Shipman (zip 62685)
- Renters make up 16.6% of the Shipman (zip 62685) population
- 0.7% of houses and apartments in Shipman (zip 62685), 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.