Foreclosure Homes in Belvidere, IL 61008

Current Market Conditions in Belvidere, IL

The real estate market in Belvidere has shown robust growth over the past year, with increasing demand for homes as more families seek affordable housing options outside of major urban areas. New construction developments have emerged, reflecting the area's positive economic outlook and community expansion.

Home sales have seen a steady increase, and prices are slightly rising compared to last year, making the market competitive. Buyers are attracted to Belvidere's unique offerings, including its family-friendly environment and the availability of recreational amenities.

Rent Prices In Belvidere, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Belvidere, IL, is on a rollercoaster ride. The average rent price in Belvidere, IL, is $1,297.00. Indeed, when looking to rent in Belvidere, IL, you can expect to pay as little as $490.00 or as much as $2,820.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Belvidere, 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.