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.
During Nov 2022, the average price for an apartment in/near Galesburg, IL decreased by 3.7% to $125,917.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $62,950 with no changes this month. Asking price for 2-bed apartment also increased by 23.6% and a place of this size will now cost you $82,582. A 3-bed apartment goes for $120,114, it decreased by 11.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 13.5% and made it up to $244,862.
The average cost of an apartment in Galesburg, IL decreased by 58.3% to $26,900. Price reports demonstrate that house price decreased by 12.3% this month making it up to $119,834. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $168,900. Value of the townhouses didn’t change, the price still starts at $219,000.