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Rent To Own Homes in Franklin Grove, IL

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Franklin Grove, IL Foreclosures

How much do homes sell for in Franklin Grove, IL?
The average home price is currently $181,413.
In Franklin Grove, IL, how many homes are available?
There are currently 2 active home listings available in Franklin Grove.
What’s the average rental cost in Franklin Grove, IL?
The average rental price in Franklin Grove is $1,217.
What is the most expensive home in Franklin Grove?
The most expensive home sold in Franklin Grove had a price of $2,893,219.
What is currently the cheapest priced home in Franklin Grove, IL?
The cheapest home for sale in Franklin Grove is priced at $21,017.

Living in Franklin Grove, IL

Franklin Grove, Illinois, is a peaceful community with a small-town charm. It offers strong local amenities, great schools, and beautiful parks, making it an excellent place for families and retirees. The nearby countryside and outdoor activities provide residents with a serene lifestyle.

Current Market Conditions in Franklin Grove, IL

The real estate market in Franklin Grove has shown steady growth over the past year, with an increase in home values reflecting the desirability of the area. Buyers are showing interest in classic single-family homes as well as new constructions. A shortage of inventory has also put upward pressure on prices, making it a competitive market for those looking to relocate.

Investors are currently exploring opportunities in Franklin Grove as the market trend continues to favor sellers. Homes that are well-maintained and priced appropriately tend to sell quickly, often above the listing price. The supportive community and family-friendly atmosphere add value to real estate investment in this unique location.

Home Value Estimator For Franklin Grove, IL

There are currently 505 real estate properties in Franklin Grove, IL, with a median automated valuation model (AVM) price of $150,445.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Franklin Grove, 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 Franklin Grove, IL, is $181,413.00, with the most expensive house in Franklin Grove, IL, topping out at $2,893,219.00 and the cheapest home in Franklin Grove, IL, clocking in at $21,017.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin Grove, IL!

Rent Prices In Franklin Grove, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin Grove, IL, is on a rollercoaster ride. The average rent price in Franklin Grove, IL, is $1,217.00. Indeed, when looking to rent in Franklin Grove, IL, you can expect to pay as little as $710.00 or as much as $2,380.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Franklin Grove, 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.

Franklin Grove, IL Rent To Own Homes

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