Zip 62289 (Summerfield, IL) Housing

The housing in 62289 Summerfield, IL is quite affordable compared to the national average. The median value of a house in 62289 Summerfield is $88,400 while the US median value is much higher at $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, whereas the 1 year house appreciation rate in 62289 Summerfield is even higher at 10.25%. This suggests that there are great opportunities for potential homeowners or investors looking for an affordable area with high rates of appreciation.

The median home cost in Summerfield (zip 62289) is $88,400. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Summerfield (zip 62289) is up 12.4%.

Average Age of Homes

- The median age of Summerfield (zip 62289) real estate is 56 years old

The Rental Market in Summerfield (zip 62289)

- Renters make up 19.5% of the Summerfield (zip 62289) population
- 0.0% of houses and apartments in Summerfield (zip 62289), 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	Summerfield, Illinois	United States
	175.0	139,647,020.0
	47	42
	$88,400	$338,100
	12.4%	16.6%
	34.8%	57.0%
	42.4%	101.1%
	$22.54	$10.98
	$1,658	$2,690
	72.6%	57.4%
	9.1%	11.2%
	18.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	8.6%	4.1%
Value of Owner-Occupied Housing
	15.7%	2.6%
	14.2%	2.4%
	16.5%	2.8%
	16.5%	3.9%
	10.2%	4.5%
	22.8%	11.3%
	2.4%	13.0%
	0.0%	20.1%
	0.0%	13.6%
	1.6%	8.3%
	0.0%	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%
	15.4%	13.6%
	15.4%	13.6%
	6.3%	13.6%
	13.1%	13.2%
	24.0%	14.8%
	6.3%	13.6%
	10.9%	10.0%
	0.6%	4.7%
	22.9%	12.2%

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