Housing in 61111 Loves Park, IL is quite desirable. The median value of homes in the area is $150,600, compared to the US median value of $338,100. This is significantly lower than the US median and makes it a great option for those looking to purchase a home at an affordable rate. Additionally, appreciation rates for houses in 61111 Loves Park are 8.47% over the past year, which is higher than the national average of 8.27%. This indicates that housing values here are likely to continue increasing, allowing current homeowners to benefit from greater equity over time while prospective buyers can enjoy affordable entry prices now.
The median home cost in Loves Park (zip 61111) is $150,600. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Loves Park (zip 61111) is up 12.6%.
Average Age of Homes
- The median age of Loves Park (zip 61111) real estate is 34 years old
The Rental Market in Loves Park (zip 61111)
- Renters make up 26.9% of the Loves Park (zip 61111) population
- 1.8% of houses and apartments in Loves Park (zip 61111), 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.