The housing market in 62887 Springerton, IL is an incredibly lucrative investment opportunity. The median home value in the area is $66,800 which is significantly lower than the US median of $338,100. This represents a great value for buyers looking to purchase real estate in this area with potential for a greater return on their investment. Additionally, the one year house appreciation rate for 62887 Springerton, IL is 18.28%, which is substantially higher than the national average of 8.27%. This indicates strong growth potential and indicates that this area may be a smart investment choice.
The median home cost in Springerton (zip 62887) is $66,800. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Springerton (zip 62887) is up 11.3%.
Average Age of Homes
- The median age of Springerton (zip 62887) real estate is 58 years old
The Rental Market in Springerton (zip 62887)
- Renters make up 12.1% of the Springerton (zip 62887) population
- 0.0% of houses and apartments in Springerton (zip 62887), 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.