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Preforeclosure Homes in Bowen, IL

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Living in Bowen, IL

Bowen, IL, is a quaint town offering a serene lifestyle with numerous outdoor activities and a strong sense of community. Families will find adequate educational facilities along with essential amenities. Its location provides excellent access to larger areas while maintaining the tranquility of small-town living.

Current Market Conditions in Bowen, IL

The real estate market in Bowen is currently experiencing a steady demand, driven by buyers looking for affordable housing options in a quiet setting. This trend reflects a growing interest in rural living where residents can enjoy both privacy and nature.

Home prices in Bowen have shown gradual appreciation, making it an attractive option for real estate investors seeking long-term value. The community’s appeal as an affordable alternative to urban areas is likely to sustain market growth.

Home Value Estimator For Bowen, IL

There are currently 205 real estate properties in Bowen, IL, with a median automated valuation model (AVM) price of $77,217.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bowen, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bowen, IL, is $86,432.00, with the most expensive house in Bowen, IL, topping out at $344,698.00 and the cheapest home in Bowen, IL, clocking in at $21,204.00. In other words, there’s something for every potential homebuyer or savvy investor in Bowen, IL!

Rent Prices In Bowen, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bowen, IL, is on a rollercoaster ride. The average rent price in Bowen, IL, is $963.00. Indeed, when looking to rent in Bowen, IL, you can expect to pay as little as $730.00 or as much as $1,780.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Bowen, 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.

Bowen, IL Preforeclosure Homes


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