Living in Assumption, IL
Assumption, IL is a quaint village that exemplifies small-town charm with its welcoming community and local amenities. It features access to essential services and excellent educational opportunities, making it an ideal place for families and individuals looking for a peaceful lifestyle. The easy connectivity to larger towns further enhances its appeal as a place to live and invest.
Current Market Conditions in Assumption, IL
The real estate market in Assumption is currently experiencing steady growth. With affordable housing options available, it attracts both first-time homebuyers and investors looking for rental properties. The demand for homes in the area is increasing, making it a promising market for future investments.
With property values expected to rise, investors are finding Assumption an appealing option. The town's family-friendly atmosphere, coupled with the proximity to larger cities, has positioned it well for market appreciation.
Home Value Estimator For Assumption, IL
There are currently 718 real estate properties
in Assumption, IL,
with a median automated valuation model (AVM) price
of $113,416.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Assumption, 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 Assumption, IL,
is $139,345.00, with the most expensive house
in Assumption, IL, topping out
at $627,000.00 and the cheapest home
in Assumption, IL,
clocking in at $10,993.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Assumption, IL!
Rent Prices
In Assumption, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Assumption, IL, is on
a rollercoaster ride. The
average rent price in Assumption, IL,
is $1,028.00. Indeed, when looking to rent in
Assumption, IL, you can expect to pay as little
as $580.00 or as much
as $2,130.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Assumption, 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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