The housing market in Olmsted, IL is currently quite affordable compared to other areas in the United States. According to recent data, the median value of houses in Olmsted is $71,500, which is significantly less than the US house median value of $338,100. Despite this relatively low median value, there has still been an 8.05% appreciation of housing within the past year. This is just slightly lower than the US 1 year house appreciation of 8.27%. With this in mind, it is clear that investing in housing in Olmsted can be a great financial decision for anyone looking for an affordable but appreciating property.
The median home cost in Olmsted is $71,500. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Olmsted is up 14.3%.
Average Age of Homes
- The median age of Olmsted real estate is 47 years old
The Rental Market in Olmsted
- Renters make up 17.3% of the Olmsted population
- 4.1% of houses and apartments in Olmsted, 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.