Foreclosure Homes in Calumet City, IL 60409

Current Market Conditions in Calumet City, IL

Calumet City has seen a steady increase in real estate activity over the past few years, particularly among first-time homebuyers who are attracted to its affordability compared to nearby Chicago. The demand for homes remains strong, and as a result, new constructions and renovations of older properties are on the rise, indicating a growing interest in the area.

The rental market is also favorable, with a mix of single-family homes and apartment complexes catering to various income levels. Investors are increasingly looking at Calumet City for long-term rental opportunities due to its proximity to the larger metropolitan area.

Rent Prices In Calumet City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Calumet City, IL, is on a rollercoaster ride. The average rent price in Calumet City, IL, is $1,249.00. Indeed, when looking to rent in Calumet City, IL, you can expect to pay as little as $720.00 or as much as $2,520.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Calumet City, 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.