New Salem, IL is a great place to live with housing prices that are well below the national average. The median value of houses in New Salem is $98,700 compared to the US median of $338,100, making it an affordable option for those looking to buy or rent a home. The US home appreciation rate over the past year has been 8.27%, while New Salem鈥檚 appreciation rate has been slightly lower at 7.86%. This indicates that the housing market in New Salem is still performing well despite being lower than the national level. Overall, New Salem offers an attractive and affordable housing market with good prospects for growth in future years.
The median home cost in New Salem is $98,700. Home appreciation the last 10 years has been 45.4%. Home Appreciation in New Salem is up 14.9%.
Average Age of Homes
- The median age of New Salem real estate is 68 years old
The Rental Market in New Salem
- Renters make up 19.7% of the New Salem population
- 0.0% of houses and apartments in New Salem, 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.