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Foreclosure Homes in Rankin, IL

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Rankin, IL Foreclosures

Current Market Conditions in in Rankin, IL As of February 2026?
In the past month, there has been a slight uptick in home sales in Rankin, indicating growing interest from buyers. Listings have increased as more homeowners are looking to sell, contributing to a more competitive market. The average sale price remains stable, reflecting the area's affordable housing options. Properties that are well-maintained and priced competitively are selling quickly, often within days of being listed.
How much do homes sell for in Rankin, IL?
The average home price is currently $190,935.
In Rankin, IL, how many homes are available?
There are currently 1 active home listings available in Rankin.
What’s the average rental cost in Rankin, IL?
The average rental price in Rankin is $1,199.
What is the most expensive home in Rankin?
The most expensive home sold in Rankin had a price of $1,568,184.
What is currently the cheapest priced home in Rankin, IL?
The cheapest home for sale in Rankin is priced at $10,658.

Living in Rankin, IL

Rankin is a small village located in the heart of eastern Illinois, offering a peaceful rural lifestyle. Residents enjoy access to local parks, a tight-knit community, and a variety of outdoor activities. The village features essential amenities and is conveniently situated near larger towns, making it an ideal choice for those seeking tranquility with easy access to urban conveniences.

Buyer vs Seller Market in Rankin, IL

The real estate market in Rankin has seen a steady demand with an increase in listings this past year. Buyers are attracted to the affordability and community atmosphere, driving up home sales.

Average home prices in Rankin remain low compared to nearby urban centers, making it an attractive place for first-time buyers and investors.

Home Value Estimator For Rankin, IL

There are currently 499 real estate properties in Rankin, IL, with a median automated valuation model (AVM) price of $113,955.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rankin, 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 Rankin, IL, is $190,935.00, with the most expensive house in Rankin, IL, topping out at $1,568,184.00 and the cheapest home in Rankin, IL, clocking in at $10,658.00. In other words, there’s something for every potential homebuyer or savvy investor in Rankin, IL!

Rent Prices In Rankin, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rankin, IL, is on a rollercoaster ride. The average rent price in Rankin, IL, is $1,199.00. Indeed, when looking to rent in Rankin, IL, you can expect to pay as little as $710.00 or as much as $3,930.00, 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 Rankin, 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.

Rankin, IL Foreclosures

Market Trend for Rankin, IL

Total Listings Available: 1

Market Values:

Home Prices from $10,658 to $1,568,184

Average Sales Price: $190,935

Rental Values:

Rental from $710 to $3,930

Average Rent Value: $1,199 / month

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