Foreclosure Homes in Albion, IL

Current Market Conditions in Albion, IL

The real estate market in Albion remains stable with a modest growth trend. Housing prices have seen a slight increase over the past year, making it a favorable time for both buyers and sellers. The demand for homes in Albion is bolstered by its appealing community characteristics and affordability compared to bigger cities nearby.

Albion's market is characterized by a mix of older homes and more modern properties. With the town's charm and rural appeal, many buyers are drawn to the area. As more individuals seek affordable housing options, Albion is experiencing increased interest, especially from young families and retirees.

Rent Prices In Albion, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albion, IL, is on a rollercoaster ride. The average rent price in Albion, IL, is $944.00. Indeed, when looking to rent in Albion, IL, you can expect to pay as little as $570.00 or as much as $2,020.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Albion, 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.