Foreclosure Homes in Bishop Hill, IL 61419

Current Market Conditions in Bishop Hill, IL

Bishop Hill's real estate market has shown stability over the past year, with home prices slowly appreciating as demand for smaller, community-oriented towns increases. The village attracts buyers looking for affordable homes with the allure of tranquility and charm.

New listings are often met with interest quickly, indicative of a low supply and a steady demand. This trend is in line with the broader movement towards rural living as more families seek space and a sense of community outside urban areas.

Rent Prices In Bishop Hill, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bishop Hill, IL, is on a rollercoaster ride. The average rent price in Bishop Hill, IL, is $1,000.00. Indeed, when looking to rent in Bishop Hill, IL, you can expect to pay as little as $640.00 or as much as $2,160.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Bishop Hill, 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.