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Multi-family Foreclosures in Arcola, IL

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Arcola, IL Foreclosures

How much do homes sell for in Arcola, IL?
The average home price is currently $184,065.
What’s the average rental cost in Arcola, IL?
The average rental price in Arcola is $1,237.
What is the most expensive home in Arcola?
The most expensive home sold in Arcola had a price of $1,516,400.
What is currently the cheapest priced home in Arcola, IL?
The cheapest home for sale in Arcola is priced at $13,683.

Living in Arcola, IL

Arcola, IL, is a quaint and friendly town celebrated for its rich community spirit and quality of life. It offers a mix of local events, outdoor activities, and decent educational facilities, making it suitable for families and individuals looking for a peaceful environment. With access to essential amenities and proximity to larger cities for additional conveniences, Arcola is a promising place for potential real estate investors.

Current Market Conditions in Arcola, IL

The current real estate market in Arcola is characterized by a steady appreciation in home values, making it an attractive area for long-term investment. Demand for housing remains consistent, with both first-time buyers and investors showing interest in the available properties, particularly single-family homes and smaller multi-family units.

As the area continues to develop, there are indications of new businesses opening and infrastructure improvements, which are likely to enhance property values further. This growth trend is supported by the town's proactive approach to community planning and development.

Home Value Estimator For Arcola, IL

There are currently 1,374 real estate properties in Arcola, IL, with a median automated valuation model (AVM) price of $153,305.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Arcola, 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 Arcola, IL, is $184,065.00, with the most expensive house in Arcola, IL, topping out at $1,516,400.00 and the cheapest home in Arcola, IL, clocking in at $13,683.00. In other words, there’s something for every potential homebuyer or savvy investor in Arcola, IL!

Rent Prices In Arcola, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Arcola, IL, is on a rollercoaster ride. The average rent price in Arcola, IL, is $1,237.00. Indeed, when looking to rent in Arcola, IL, you can expect to pay as little as $550.00 or as much as $2,760.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Arcola, 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.

Arcola, IL Multi-family Homes


Market Trend for Arcola, IL

Total Listings Available: 0

Market Values:

Home Prices from $13,683 to $1,516,400

Average Sales Price: $184,065

Rental Values:

Rental from $550 to $2,760

Average Rent Value: $1,237 / month

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