Living in Compton, IL
Compton, IL is a vibrant community that blends urban amenities with suburban charm. It's ideal for families and professionals alike, offering excellent schools, parks, and convenient transportation options. With a variety of local businesses and recreational activities, Compton is a great place to live and invest in real estate.
Current Market Conditions in Compton, IL
The real estate market in Compton is currently showing signs of steady growth, with an increasing number of homes being sold and new developments underway. Investors are taking note of this upward trend and are actively seeking opportunities in this area.
Rental demand is strong, driven by the area's accessibility and quality of life. Consequently, the rental yields in Compton are attractive, making it a prime location for property investors looking to maximize their returns.
Home Value Estimator For Compton, IL
There are currently 207 real estate properties
in Compton, IL,
with a median automated valuation model (AVM) price
of $133,713.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Compton, 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 Compton, IL,
is $186,024.00, with the most expensive house
in Compton, IL, topping out
at $826,551.00 and the cheapest home
in Compton, IL,
clocking in at $10,208.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Compton, IL!
Rent Prices
In Compton, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Compton, IL, is on
a rollercoaster ride. The
average rent price in Compton, IL,
is $1,330.00. Indeed, when looking to rent in
Compton, IL, you can expect to pay as little
as $740.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,240.00. The good news is that finding
an affordable and desirable property to rent in Compton, 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.
Learn more on Foreclosure homes
