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Rent To Own Homes in Albany, IL

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Albany, IL Foreclosures

How much do homes sell for in Albany, IL?
The average home price is currently $179,671.
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 $1,261.
What is the most expensive home in Albany?
The most expensive home sold in Albany had a price of $607,757.
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 quiet community surrounded by nature and farmland, providing a peaceful lifestyle. Known for its friendly residents and community events, it offers ample opportunities for outdoor activities. With essential amenities and easy access to larger urban areas, Albany is an ideal place for families and nature lovers alike.

Current Market Conditions in Albany, IL

Albany's real estate market remains stable, with a steady demand for homes driven by local amenities and a strong community feel. This stability is attracting home buyers looking for affordable options in a close-knit environment.

The market has seen a slight increase in home prices over the last few months, but the overall increase is modest compared to larger urban markets. Albany continues to offer affordable housing options, making it appealing for first-time homebuyers and families.

Home Value Estimator For Albany, IL

There are currently 367 real estate properties in Albany, IL, with a median automated valuation model (AVM) price of $169,629.00. 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 $179,671.00, with the most expensive house in Albany, IL, topping out at $607,757.00 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 $1,261.00. Indeed, when looking to rent in Albany, IL, you can expect to pay as little as $700.00 or as much as $2,230.00, with the average rent median estimated to be $1,260.00. 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.

Albany, IL Rent To Own Homes

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