Median price for residential apartments in Marseilles, IL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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27 Marseilles, IL 61341, USA apartments for sale
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Marseilles
According to statistics, the population in Marseilles, IL amounts to 5,058, which shows growth 3% compared to the previous year. The median age of the city’s residents is 37. The average household income is $44,153, shifting growth 14% from the past year, and the average property value in Marseilles, IL growth 10% to $105,900 throughout the year.
| Population | 5,058 |
| Median Age | 36.7 |
| Poverty Rate | 24% |
| Household Income | $44,153 |
| Number Of Employees | 2,020 |
| Median Property Value | $105,900 |
Household Income
The average household income in Marseilles, IL grew from $38,616 to $44,153 in the past year. This data is an estimate based upon 1,889 households in Marseilles, IL . The chart below presents how household income is distributed in Marseilles, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Marseilles, IL shifted from $96,000 to $105,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Marseilles, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Marseilles, IL properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Marseilles, IL compared to median property taxes around the country. The prevalent amount of property taxes in Marseilles, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Marseilles, IL 61341, USA
Average apartment sale in Marseilles: $214,200 (+20%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $504,000 | +49% |
| 2-bed apartments | $144,272 | +3.1% |
| 3-bed apartments | $140,714 | +1% |
| 4+ bed apartments | $138,333 | +7% |
During Dec 2022, the average price for an apartment in/near Marseilles, IL increased by 20% to $214,200.
Knowing the current property prices is key if you plan to buy a studio in Marseilles, IL. The average price for a studio has increased since the last month, currently being $504,000. After collecting all data points, we now see that the average price for 1-bed apartment stands at $57,500 with no changes this month. Asking price for 2-bed apartment also increased by 3.1% and a place of this size will now cost you $144,272. A 3-bed apartment goes for $140,714, it increased by 1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 7% and made it up to $138,333.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Duplexes for sale | $130,000 | +0% |
| Houses for sale | $239,458 | +18.9% |
| Land for sale | $29,000 | -62.7% |
Price reports demonstrate that house price increased by 18.9% this month making it up to $239,458. An average value of duplex is $130,000, thus a median price for a duplex remains the same this month. The average price of the land for sale in Marseilles, IL has decreased by 62.7%, and now equals $29,000.
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