Ruma, IL Foreclosures
How much do homes sell for in Ruma, IL?
The average home price is currently $185,878.
What’s the average rental cost in Ruma, IL?
The average rental price in Ruma is $1,189.
What is the most expensive home in Ruma?
The most expensive home sold in Ruma had a price of $735,000.
What is currently the cheapest priced home in Ruma, IL?
The cheapest home for sale in Ruma is priced at $22,140.
Living in Ruma, IL
Ruma, IL, is a serene village known for its friendly community and family-oriented atmosphere. With a rich local history, numerous outdoor activities, and easy access to larger cities, Ruma is an attractive place for those seeking a balance of tranquility and convenience.
Current Market Conditions in Ruma, IL
The real estate market in Ruma, IL, is currently characterized by stable home values and a healthy turnover of properties. With a mix of new constructions and charming older homes, buyers have various options, ranging from single-family homes to townhouses. The demand remains moderate, owing to its attractive quality of life, which draws families and retirees alike.
Home Value Estimator For Ruma, IL
There are currently 149 real estate properties
in Ruma, IL,
with a median automated valuation model (AVM) price
of $154,063.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ruma, 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 Ruma, IL,
is $185,878.00, with the most expensive house
in Ruma, IL, topping out
at $735,000.00 and the cheapest home
in Ruma, IL,
clocking in at $22,140.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ruma, IL!
Rent Prices
In Ruma, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ruma, IL, is on
a rollercoaster ride. The
average rent price in Ruma, IL,
is $1,189.00. Indeed, when looking to rent in
Ruma, IL, you can expect to pay as little
as $720.00 or as much
as $1,760.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Ruma, 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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