Foreclosure Homes in Downs, IL 61736

Current Market Conditions in Downs, IL

The real estate market in Downs is currently seeing a steady increase in home values due to its desirable location near larger urban hubs and the appeal of its quiet neighborhoods. Inventory levels have remained low, contributing to competitive pricing for buyers. Homes here typically sell within a few weeks, attracting families and individuals looking for a close-knit community.

There is also an emerging trend of young professionals moving into the area as telecommuting options expand, allowing them to enjoy the rural lifestyle while maintaining a job in a city environment.

Rent Prices In Downs, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Downs, IL, is on a rollercoaster ride. The average rent price in Downs, IL, is $1,775.00. Indeed, when looking to rent in Downs, IL, you can expect to pay as little as $970.00 or as much as $4,080.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Downs, 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.