Living in Downs, IL
Downs, IL is a tranquil town in McLean County known for its friendly atmosphere and strong community spirit. Home to beautiful landscapes and local businesses, it provides a peaceful living environment. The area boasts excellent schooling options and is conveniently located near larger cities, making it a great choice for families and individuals alike.
Current Market Conditions in Downs, IL
The real estate market in Downs, IL, is currently stable, with a mix of single-family homes and agricultural properties available. Investors are seeing a gradual appreciation in property values, particularly for homes within close proximity to schools and parks, making it a prime area for investment.
As interest in suburban living continues to grow, the demand for homes in Downs is expected to increase. New developments and renovations are being planned to attract more residents, indicating a positive trend for future real estate investments.
Home Value Estimator For Downs, IL
There are currently 798 real estate properties
in Downs, IL,
with a median automated valuation model (AVM) price
of $297,265.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Downs, 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 Downs, IL,
is $323,641.00, with the most expensive house
in Downs, IL, topping out
at $1,590,812.00 and the cheapest home
in Downs, IL,
clocking in at $19,491.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Downs, IL!
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.
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