Foreclosures in Erie, IL

Current Market Conditions in Erie, IL

The real estate market in Erie, IL has been stable recently, with a moderate increase in home values. The demand for homes in the area remains steady, as buyers are attracted to its affordability and the quality of life it offers. Construction is also on the rise, with new homes being built to meet the needs of growing families and individuals.

In recent months, there has been an increase in interest from first-time homebuyers looking for more affordable options outside of larger metropolitan areas. This has led to a slight increase in home prices, but the overall market remains accessible for buyers with different budgets.

Rent Prices In Erie, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erie, IL, is on a rollercoaster ride. The average rent price in Erie, IL, is $1,253.00. Indeed, when looking to rent in Erie, IL, you can expect to pay as little as $660.00 or as much as $2,160.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Erie, 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.