Paris appreciation rates and housing market information

Paris housing market information

With 8,961 people, 4,188 houses or apartments, and a median cost of homes of $76,852, house prices in Paris are some of the most affordable in Illinois as well as the nation.

single-family detached homes are the single most common housing type in Paris, accounting for 78.13% of the city's housing units. Other types of housing that are prevalent in Paris include duplexes, homes converted to apartments, or other small apartment buildings (8.95%), mobile homes or trailers (6.64%), large apartment complexes or high rise apartments (5.30%), and a few row houses and other attached homes (0.74%).

Dwellings in Paris tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 49.83% of the homes in Paris have two or fewer bedrooms.

The housing in Paris was primarily built before 1939 (40.50%), making the housing stock in Paris some of the older overall in America, although there is a range of ages of homes in Paris. The next most important Paris housing age is 1940-1969 (36.87%), followed by 1970-1994 (19.05%). There's also some housing in Paris built between 1995 and later (3.58%).

Paris home appreciation rates

Paris's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Paris during the period has been just 5.78%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Paris home appreciation rates, at 1.68%, have been at or slightly above the national average. In the latest quarter, Paris's appreciation rate has been 0.26%, which annualizes to a rate of 1.04%.

Relative to Illinois, our data show that Paris's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.