Foreclosure Homes in Belleville, IL

Current Market Conditions in Belleville, IL

Belleville's real estate market has seen a consistent increase in home values over the last year, attributed to the area's growing popularity among families and young professionals relocating from nearby cities. The inventory for homes has slightly tightened, which is creating a competitive environment for buyers as demand outpaces supply.

Affordability remains a strong point for Belleville, with median home prices being lower than the national average. This makes it an attractive location for first-time homebuyers and investors looking for rental properties.

Rent Prices In Belleville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Belleville, IL, is on a rollercoaster ride. The average rent price in Belleville, IL, is $1,192.00. Indeed, when looking to rent in Belleville, IL, you can expect to pay as little as $540.00 or as much as $3,140.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Belleville, 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.