Foreclosure Homes in Benton, IL 62812

Current Market Conditions in Benton, IL

Benton's real estate market presents a unique opportunity for buyers and investors alike. As a small town with a population that values community, housing prices remain relatively stable and affordable when compared to urban counterparts. This stability contributes to a lower cost of living, making Benton an attractive option for those seeking value in their real estate investments. The current market sees a mix of single-family homes and potential development opportunities that appeal to both first-time homebuyers and seasoned investors.

In the past few years, Benton has experienced a gradual uptick in demand for housing, particularly as families look for more space and a satisfying quality of life outside of city limits. This trend is expected to continue as more people recognize the benefits of small-town living coupled with essential amenities just a short distance away.

Rent Prices In Benton, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Benton, IL, is on a rollercoaster ride. The average rent price in Benton, IL, is $975.00. Indeed, when looking to rent in Benton, IL, you can expect to pay as little as $470.00 or as much as $2,220.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Benton, 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.