Foreclosure Homes in Farmington, IL

Current Market Conditions in Farmington, IL

The real estate market in Farmington is characterized by modest growth, with home prices remaining relatively stable. The area is popular among families looking for affordable housing options and a safe environment for children. Over the past year, there has been a consistent demand for homes, resulting in a balanced market with a healthy turnover of properties.

Investors have noted that the population growth in the surrounding areas contributes positively to the real estate climate in Farmington, and as more amenities and infrastructure are developed, the demand for housing continues to increase.

Rent Prices In Farmington, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farmington, IL, is on a rollercoaster ride. The average rent price in Farmington, IL, is $1,078.00. Indeed, when looking to rent in Farmington, IL, you can expect to pay as little as $650.00 or as much as $2,040.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Farmington, 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.