Farina, IL Foreclosures
How much do homes sell for in Farina, IL?
The average home price is currently $158,472.
In Farina, IL, how many homes are available?
There are currently 1 active home listings available in Farina.
What’s the average rental cost in Farina, IL?
The average rental price in Farina is $1,048.
What is the most expensive home in Farina?
The most expensive home sold in Farina had a price of $825,943.
What is currently the cheapest priced home in Farina, IL?
The cheapest home for sale in Farina is priced at $15,351.
Living in Farina, IL
Farina is a small, welcoming village nestled in the heart of Illinois, offering a tranquil rural lifestyle. Known for its tight-knit community and open green spaces, it is an excellent place for those looking for peace away from the bustling cities. The village features essential amenities, local parks, and easy access to outdoor activities that bring residents together.
Current Market Conditions in Farina, IL
The real estate market in Farina, IL, has remained stable over the past few years, with a modest increase in property values. Home prices are generally affordable compared to larger cities, making it an attractive option for first-time buyers and retirees alike. The mix of single-family homes and small lots creates a diverse property market, appealing to various demographics.
Current market trends suggest a growing interest in rural living, as buyers seek homes with larger plots of land and proximity to nature. This trend has resulted in competitive offers for homes that come on the market, typically leading to quicker sales than in previous years.
Home Value Estimator For Farina, IL
There are currently 351 real estate properties
in Farina, IL,
with a median automated valuation model (AVM) price
of $109,496.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Farina, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Farina, IL,
is $158,472.00, with the most expensive house
in Farina, IL, topping out
at $825,943.00 and the cheapest home
in Farina, IL,
clocking in at $15,351.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farina, IL!
Rent Prices
In Farina, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farina, IL, is on
a rollercoaster ride. The
average rent price in Farina, IL,
is $1,048.00. Indeed, when looking to rent in
Farina, IL, you can expect to pay as little
as $570.00 or as much
as $1,800.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Farina, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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