Living in Compton, IL
Compton is a small village in Illinois that offers a cozy, rural environment with friendly neighbors and a tight-knit community. It’s located conveniently near major highways for easy commuting and access to nearby cities. With various local amenities and parks, Compton provides a quaint choice for families seeking a serene life away from the hustle and bustle of urban areas.
Current Market Conditions in Compton, IL
The real estate market in Compton, IL, has remained relatively stable over the past year, attracting interest from those seeking affordable housing options. Houses in the area are generally more economical compared to nearby urban centers, providing a perfect opportunity for first-time buyers and investors alike. Overall, the community's charm combined with affordable pricing makes Compton an attractive location for those looking to settle in a peaceful environment.
In the past month, the Compton housing market saw a slight uptick in buyer inquiries, driven by low mortgage rates and a growing interest in rural living. Inventory levels remain moderate, with properties selling relatively quickly due to the appealing combination of affordability and community vibes. Experts believe that as more individuals and families adapt to hybrid working models, the demand for homes in such tranquil settings may continue to rise.
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 $137,444.00. 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 $191,533.00, with the most expensive house
in Compton, IL, topping out
at $882,314.00 and the cheapest home
in Compton, IL,
clocking in at $10,334.00. 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.
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