The housing market in the Charleston-Mattoon, IL Metro Area is quite strong. The median value for a house in the area is $106,300, which is significantly lower than the US House Median Value of $338,100. In the past year, both the US and the Charleston-Mattoon, IL Metro Area have experienced an impressive 8.27% and 8.29% house appreciation rate respectively. This indicates that this area would be a favorable option to purchase property if someone is looking for potential capital gains on their investment.
The median home cost in Charleston-Mattoon Metro Area is $106,300. Home appreciation the last 10 years has been 44.1%. Home Appreciation in Charleston-Mattoon Metro Area is up 12.7%.
Average Age of Homes
- The median age of Charleston-Mattoon Metro Area real estate is 49 years old
The Rental Market in Charleston-Mattoon Metro Area
- Renters make up 31.4% of the Charleston-Mattoon Metro Area population
- 2.6% of houses and apartments in Charleston-Mattoon Metro Area, 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.