Foreclosure Homes in Granite City, IL

Current Market Conditions in Granite City, IL

The real estate market in Granite City has shown promising stability with moderate growth over the past few years. With a mix of affordable housing options and some mid-range homes, the market is accessible to first-time buyers as well as those looking to relocate or invest. The area sees a healthy demand due to its proximity to St. Louis and has become increasingly popular among families moving out of the city.

Current trends indicate an uptick in home renovations and a demand for updated properties, which aligns with the community's focus on revitalizing certain neighborhoods. Investors are also showing interest in rental properties as the city’s rental market remains strong.

Rent Prices In Granite City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Granite City, IL, is on a rollercoaster ride. The average rent price in Granite City, IL, is $988.00. Indeed, when looking to rent in Granite City, IL, you can expect to pay as little as $540.00 or as much as $2,350.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Granite City, 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.