The housing market in Dunfermline, IL is quite affordable compared to the national average. The median value of a house in Dunfermline is only $112,700, much lower than the US House Median Value of $338,100. In addition, the 1 year house appreciation rate in Dunfermline was 7.36%, which is slightly lower than the US 1 year House Appreciation rate of 8.27%. This means that while people are investing in housing in Dunfermline and property values are increasing accordingly, they are not increasing as rapidly as they are for houses across the country.
The median home cost in Dunfermline is $112,700. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Dunfermline is up 7.3%.
Average Age of Homes
- The median age of Dunfermline real estate is 54 years old
The Rental Market in Dunfermline
- Renters make up 20.3% of the Dunfermline population
- 0.0% of houses and apartments in Dunfermline, 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.