The housing market in Woodridge, IL 60517 is booming. According to recent information, the median value of homes in the area is $316,300—slightly lower than the national median of $338,100. However, this area has seen a much higher rate of appreciation over the last year at 9.58%, compared to 8.27% nationally. This indicates that real estate investments in this area could yield good returns for potential buyers looking to purchase a home. The combination of relatively affordable prices and high rates of appreciation make Woodridge an attractive option for people looking to buy a house in Illinois.
The median home cost in Woodridge (zip 60517) is $316,300. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Woodridge (zip 60517) is up 14.1%.
Average Age of Homes
- The median age of Woodridge (zip 60517) real estate is 39 years old
The Rental Market in Woodridge (zip 60517)
- Renters make up 30.6% of the Woodridge (zip 60517) population
- 1.9% of houses and apartments in Woodridge (zip 60517), 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.