Foreclosures in Genoa, IL

Current Market Conditions in Genoa, IL

In recent months, Genoa has seen an increase in housing demand, leading to a competitive real estate market. First-time buyers and families are particularly drawn to the area's affordability and sense of community. The price of homes is generally stable, but certain properties are experiencing multiple offers due to low inventory.

Overall, the market remains active, with homes selling relatively quickly. Investors are also recognizing the potential for rental income in the area, as more people are looking for affordable housing options.

Rent Prices In Genoa, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Genoa, IL, is on a rollercoaster ride. The average rent price in Genoa, IL, is $1,302.00. Indeed, when looking to rent in Genoa, IL, you can expect to pay as little as $700.00 or as much as $2,940.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Genoa, 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.