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Short Sale Listings in Albion, IL

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Living in Albion, IL

Albion, IL is a charming small town with a strong sense of community and affordable living. It offers a relaxed rural lifestyle, outdoor recreational opportunities, and access to quality education. Ideal for families and those seeking a tranquil environment away from urban hustle.

Current Market Conditions in Albion, IL

The real estate market in Albion is currently stable, with a mix of affordable homes and investment properties available. Demand for housing has been steady, attracting both first-time home buyers and investors looking for rental opportunities.

Recent trends indicate a growing interest in relocation to smaller towns like Albion, driven by a desire for lower living costs and a peaceful lifestyle. This has created favorable conditions for property appreciation, making it an opportune time for real estate investment in the area.

Home Value Estimator For Albion, IL

There are currently 957 real estate properties in Albion, IL, with a median automated valuation model (AVM) price of $79,005.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albion, 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 Albion, IL, is $103,413.00, with the most expensive house in Albion, IL, topping out at $1,373,077.00 and the cheapest home in Albion, IL, clocking in at $1,764.00. In other words, there’s something for every potential homebuyer or savvy investor in Albion, IL!

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.

Albion, IL Short Sale Listings


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