Zip 62461 (Shumway, IL) Housing

The housing in 62461 Shumway, IL is very affordable compared to the US median value for a house. The median value in 62461 Shumway, IL is $176,500 which is significantly lower than the US median of $338,100. Additionally, the 1 year house appreciation rate in 62461 Shumway, IL is only 7.94%, slightly lower than the 1 year US House Appreciation rate of 8.27%. This means that individuals looking for an affordable home will find it in 62461 Shumway, IL and still benefit from modest increases in home value over time.

The median home cost in Shumway (zip 62461) is $176,500. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Shumway (zip 62461) is up 9.4%.

Average Age of Homes

- The median age of Shumway (zip 62461) real estate is 47 years old

The Rental Market in Shumway (zip 62461)

- Renters make up 10.5% of the Shumway (zip 62461) population
- 0.0% of houses and apartments in Shumway (zip 62461), 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	Shumway, Illinois	United States
	361.0	139,647,020.0
	49	42
	$176,500	$338,100
	9.4%	16.6%
	34.8%	57.0%
	47.0%	101.1%
	$15.97	$10.98
	$2,174	$2,690
	87.3%	57.4%
	1.1%	11.2%
	11.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	8.3%	2.4%
	4.1%	2.8%
	7.9%	3.9%
	8.6%	4.5%
	19.0%	11.3%
	13.3%	13.0%
	13.7%	20.1%
	16.5%	13.6%
	1.3%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	2.5%	2.2%
	0.3%	0.8%
	1.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	11.9%	13.6%
	4.4%	13.2%
	27.7%	14.8%
	11.9%	13.6%
	4.7%	10.0%
	3.0%	4.7%
	29.9%	12.2%

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