The median housing value in Galena, IL (ZIP code 61036) is $261,300. This is lower than the overall US median housing value of $338,100. In the past year, US house appreciation was 8.27%, while house appreciation in Galena decreased at a slightly slower rate of 7.18%. Despite this decrease, real estate remains a good investment for those looking to purchase a home in Galena or the surrounding areas. Given its low median housing value compared to other parts of the country and its relatively stable appreciation rate, it is an attractive option for prospective buyers.
The median home cost in Galena (zip 61036) is $261,300. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Galena (zip 61036) is up 14.1%.
Average Age of Homes
- The median age of Galena (zip 61036) real estate is 33 years old
The Rental Market in Galena (zip 61036)
- Renters make up 11.3% of the Galena (zip 61036) population
- 0.1% of houses and apartments in Galena (zip 61036), 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.