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Rent To Own Homes in Decatur, IL

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Decatur, IL Foreclosures

How much do homes sell for in Decatur, IL?
The average home price is currently $145,863.
In Decatur, IL, how many homes are available?
There are currently 116 active home listings available in Decatur.
What’s the average rental cost in Decatur, IL?
The average rental price in Decatur is $1,004.
What is the most expensive home in Decatur?
The most expensive home sold in Decatur had a price of $47,578,444.
What is currently the cheapest priced home in Decatur, IL?
The cheapest home for sale in Decatur is priced at $10,022.

Living in Decatur, IL

Decatur, IL is a thriving city boasting a mix of historical significance and modern conveniences. With a strong sense of community and ample recreational opportunities, it is perfect for families and outdoor enthusiasts. Excellent schools and accessible amenities enhance its appeal as a place to live.

Current Market Conditions in Decatur, IL

The current real estate market in Decatur is experiencing a gradual increase in home values, primarily due to a growing demand for housing in the area. The average time properties are on the market is decreasing, reflecting a competitive atmosphere as more buyers seek affordable options, making Decatur an attractive location for investment and family living.

Recent trends show a noticeable increase in younger families moving into the Decatur area, thanks in part to its more affordable housing compared to larger cities. This demographic shift is leading to renovations and developments that aim to modernize the existing housing stock, contributing to an overall revitalization of community areas.

Home Value Estimator For Decatur, IL

There are currently 32,456 real estate properties in Decatur, IL, with a median automated valuation model (AVM) price of $110,083.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Decatur, 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 Decatur, IL, is $145,863.00, with the most expensive house in Decatur, IL, topping out at $47,578,444.00 and the cheapest home in Decatur, IL, clocking in at $10,022.00. In other words, there’s something for every potential homebuyer or savvy investor in Decatur, IL!

Rent Prices In Decatur, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Decatur, IL, is on a rollercoaster ride. The average rent price in Decatur, IL, is $1,004.00. Indeed, when looking to rent in Decatur, IL, you can expect to pay as little as $430.00 or as much as $2,520.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Decatur, 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.

Decatur, IL Rent To Own Homes

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