The housing market in Albion, IL is a great place to consider buying property. The median house value is $83,400, much lower than the US median value of $338,100. What's more, the one year appreciation rate in Albion is 18.28%, compared to 8.27% nationally. Therefore, homebuyers can get more for their money and enjoy a higher rate of return on their property investments if they choose to buy in Albion.
The median home cost in Albion is $83,400. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Albion is up 11.3%.
Average Age of Homes
- The median age of Albion real estate is 61 years old
The Rental Market in Albion
- Renters make up 23.8% of the Albion population
- 0.0% of houses and apartments in Albion, 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.