The housing market in Gurnee, IL (zip code 60031) is currently strong. According to the data, the median value of a house in Gurnee is $309,300 which is slightly lower than the US house median value of $338,100. However, what is interesting to note is that over the past year the appreciation rate for houses in Gurnee was 8.83%, which is higher than the national average of 8.27%. This indicates a growing demand for housing in Gurnee and suggests that now may be a good time to purchase a home there.
The median home cost in Gurnee (zip 60031) is $309,300. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Gurnee (zip 60031) is up 14.5%.
Average Age of Homes
- The median age of Gurnee (zip 60031) real estate is 26 years old
The Rental Market in Gurnee (zip 60031)
- Renters make up 24.2% of the Gurnee (zip 60031) population
- 1.6% of houses and apartments in Gurnee (zip 60031), 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.