Foreclosure Homes in Philo, IL 61864

Current Market Conditions in Philo, IL

The current real estate market in Philo is stable, with home prices seeing gradual appreciation over the past year. Although the area is small, demand remains steady due to its appeal to families and individuals seeking a quieter lifestyle while still having access to the conveniences of nearby Champaign.

With the popularity of remote work, more people are looking to smaller towns like Philo for affordable housing options. As a result, the market has seen an uptick in interest, leading to a slight increase in property values and quicker sales.

Rent Prices In Philo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Philo, IL, is on a rollercoaster ride. The average rent price in Philo, IL, is $1,486.00. Indeed, when looking to rent in Philo, IL, you can expect to pay as little as $680.00 or as much as $3,090.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Philo, 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.