Land Foreclosures in Belvidere, IL

Current Market Conditions in Belvidere, IL

The current real estate market in Belvidere shows a stable growth trend as more people are looking to move to suburban areas seeking affordability and a sense of community. The increasing demand for homes has driven up prices, but the market remains accessible for first-time buyers and families.

Over the past month, Belvidere experienced a slight uptick in home sales and price appreciation, indicating a healthy competitive market. Homes are selling at an average of 6% above list price, reflecting buyer interest amid low inventory and favorable financing options.

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.