Richton Park, IL Housing

Richton Park, IL is an attractive city for potential homeowners due to its relatively affordable housing costs. The median value of a house in Richton Park is $200,600, which is significantly lower than the US House Median Value of $338,100. This makes it a viable option for those looking to purchase a home on a budget. Additionally, the 1 year house appreciation in Richton Park is 9.35%, higher than the US yearly house appreciation rate of 8.27%. This makes Richton Park an even more attractive property investment choice as homeowners can expect to see their property increase in value rapidly over time.

The median home cost in Richton Park is $200,600. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Richton Park is up 13.7%.

Average Age of Homes

- The median age of Richton Park real estate is 39 years old

The Rental Market in Richton Park

- Renters make up 35.3% of the Richton Park population
- 1.9% of houses and apartments in Richton Park, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richton Park, Illinois	United States
	5,376.0	139,647,020.0
	42	42
	$200,600	$338,100
	13.7%	16.6%
	41.6%	57.0%
	66.0%	101.1%
	$20.96	$10.98
	$5,723	$2,690
	50.2%	57.4%
	7.2%	11.2%
	42.6%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	3.0%	2.4%
	2.3%	2.8%
	8.3%	3.9%
	3.3%	4.5%
	22.7%	11.3%
	29.1%	13.0%
	25.0%	20.1%
	5.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.8%	13.6%
	9.8%	13.6%
	16.7%	13.6%
	18.7%	13.2%
	34.6%	14.8%
	16.7%	13.6%
	5.2%	10.0%
	2.5%	4.7%
	1.6%	12.2%