The housing market in 46704 Arcola, IN is slightly outperforming the US average. The median value of a house in 46704 is $53,500, which is much lower than the US median value of $338,100. However, the 1 year house appreciation rate in Arcola is 9.06%, which is higher than the US rate of 8.27%. This demonstrates that Arcola is experiencing a stable and healthy housing market despite its lower median price point.
The median home cost in Arcola (zip 46704) is $53,500. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Arcola (zip 46704) is up 15.6%.
Average Age of Homes
- The median age of Arcola (zip 46704) real estate is 44 years old
The Rental Market in Arcola (zip 46704)
- Renters make up 29.4% of the Arcola (zip 46704) population
- 0.0% of houses and apartments in Arcola (zip 46704), 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.