Living in Cairo, IL
Cairo, Illinois, is a historically rich city located at the confluence of the Mississippi and Ohio Rivers. It combines a relaxed, small-town lifestyle with access to outdoor activities and community amenities. The area offers a variety of schools and a welcoming environment that appeals to families and individuals alike.
Current Market Conditions in Cairo, IL
The real estate market in Cairo, IL, has shown some signs of revitalization recently, with an increase in interest from buyers looking for affordable properties. The prices remain relatively low, which attracts first-time homebuyers and investors looking for rental opportunities.
There is a growing trend towards refurbishing older homes, which are prevalent in the area due to Cairo's historical significance. This trend contributes to the landscape of the real estate market and can create more options for potential buyers.
Home Value Estimator For Cairo, IL
There are currently 423 real estate properties
in Cairo, IL,
with a median automated valuation model (AVM) price
of $61,406.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cairo, 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 Cairo, IL,
is $64,244.00, with the most expensive house
in Cairo, IL, topping out
at $128,287.00 and the cheapest home
in Cairo, IL,
clocking in at $16,034.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cairo, IL!
Rent Prices
In Cairo, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cairo, IL, is on
a rollercoaster ride. The
average rent price in Cairo, IL,
is $1,016.00. Indeed, when looking to rent in
Cairo, IL, you can expect to pay as little
as $750.00 or as much
as $1,610.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Cairo, 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.