Living in Ferris, IL
Ferris, IL, is an inviting small town that combines the best of rural and suburban living. With a strong sense of community, this location provides access to nature and essential amenities. The real estate market is ripe for investment, characterized by affordable home prices and a friendly atmosphere.
Current Market Conditions in Ferris, IL
The real estate market in Ferris is currently stable, with a steady demand for homes driven by its appealing lifestyle and affordable prices. Investors will find a range of properties available, from modest starter homes to larger family residences.
Recent trends indicate a gradual appreciation in home values, making this an ideal time for potential investors. The community's growth potential is fueled by ongoing developments in infrastructure and amenities, attracting new residents and fostering a thriving local economy.
Home Value Estimator For Ferris, IL
There are currently 29 real estate properties
in Ferris, IL,
with a median automated valuation model (AVM) price
of $58,606.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ferris, 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 Ferris, IL,
is $65,226.00, with the most expensive house
in Ferris, IL, topping out
at $186,399.00 and the cheapest home
in Ferris, IL,
clocking in at $28,622.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ferris, IL!
Rent Prices
In Ferris, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ferris, IL, is on
a rollercoaster ride. The
average rent price in Ferris, IL,
is $835.00. Indeed, when looking to rent in
Ferris, IL, you can expect to pay as little
as $700.00 or as much
as $1,210.00,
with the average rent median estimated to
be $760.00. The good news is that finding
an affordable and desirable property to rent in Ferris, 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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