The housing market in Knoxville, IL (zip code 61448) is doing well but not quite as well as the rest of the US. The median value of houses in this area is $127,700 which is significantly lower than the US median value of $338,100. While the US saw an 8.27% increase over one year in housing values, Knoxville only saw a 7.76% appreciation over that same period. Despite seeing slightly slower growth than the United States average, there are still good opportunities to be had in this area for those looking to purchase a home.
The median home cost in Knoxville (zip 61448) is $127,700. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Knoxville (zip 61448) is up 8.9%.
Average Age of Homes
- The median age of Knoxville (zip 61448) real estate is 55 years old
The Rental Market in Knoxville (zip 61448)
- Renters make up 21.1% of the Knoxville (zip 61448) population
- 2.7% of houses and apartments in Knoxville (zip 61448), 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.