Albany, IL Foreclosures
How much do homes sell for in Albany, IL?
The average home price is currently $175,440.
In Albany, IL, how many homes are available?
There are currently 2 active home listings available in Albany.
What’s the average rental cost in Albany, IL?
The average rental price in Albany is $1,250.
What is the most expensive home in Albany?
The most expensive home sold in Albany had a price of $714,335.
What is currently the cheapest priced home in Albany, IL?
The cheapest home for sale in Albany is priced at $13,529.
Living in Albany, IL
Albany, IL is a small village offering a serene lifestyle with strong community ties. This Illinois village features beautiful parks, various recreational opportunities, and excellent schools, making it perfect for families and retirees. Located conveniently for commuters and close to essential amenities, Albany truly combines the best of country and suburban living.
Current Market Conditions in Albany, IL
The real estate market in Albany, IL, has shown resilience and steady growth, with prices increasing gradually as demand rises for family-friendly communities in small towns. The local economy is stable, and many buyers are attracted to the affordable housing options available in the area, as well as Albany's inviting atmosphere and quality of life.
Interest in Albany real estate has been on the upswing due to people seeking alternatives to urban living amid rising city costs. Homebuyers are increasingly looking at Albany for its affordability, charm, and community-focused lifestyle, contributing to positive growth trends in the local market.
Home Value Estimator For Albany, IL
There are currently 490 real estate properties
in Albany, IL,
with a median automated valuation model (AVM) price
of $164,517.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Albany, 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 Albany, IL,
is $175,440.00, with the most expensive house
in Albany, IL, topping out
at $714,335.00 and the cheapest home
in Albany, IL,
clocking in at $13,529.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Albany, IL!
Rent Prices
In Albany, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Albany, IL, is on
a rollercoaster ride. The
average rent price in Albany, IL,
is $1,250.00. Indeed, when looking to rent in
Albany, IL, you can expect to pay as little
as $630.00 or as much
as $2,230.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Albany, 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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