According to statistics, the population in Galesburg, IL amounts to 31,215, which shows decline -1% compared to the previous year. The median age of the city’s residents is 40. The average household income is $36,035, shifting growth 7% from the past year, and the average property value in Galesburg, IL growth 3% to $73,500 throughout the year.
|Number Of Employees||12,105|
|Median Property Value||$73,500|
The average household income in Galesburg, IL grew from $33,601 to $36,035 in the past year. This data is an estimate based upon 12,560 households in Galesburg, IL . The chart below presents how household income is distributed in Galesburg, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Galesburg, IL shifted from $71,700 to $73,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Galesburg, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Galesburg, IL properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Galesburg, IL compared to median property taxes around the country. The prevalent amount of property taxes in Galesburg, IL equals $800, which is less than the national average.
|Apartment Size||Nov||vs Last Month|
|1 bed for sale||$59,000||+0%|
|2 bed for sale||$65,826||-1.6%|
|3 bed for sale||$100,265||+9.6%|
|4+ bed for sale||$150,600||+21.4%|
During Nov 2021, the average price for an apartment in/near Galesburg, IL increased by 14% to $104,131.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $59,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $65,826. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $100,265. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $150,600 for a big-family home.
|Listing Type||Nov||vs Last Month|
|Houses for sale||$104,131||+16.2%|
|Condos for sale||$199,900||N/A|
According to statistics, average house is still $104,131 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $199,900.
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