Iola, IL Foreclosures
How much do homes sell for in Iola, IL?
The average home price is currently $149,289.
In Iola, IL, how many homes are available?
There are currently 20 active home listings available in Iola.
What’s the average rental cost in Iola, IL?
The average rental price in Iola is $1,003.
What is the most expensive home in Iola?
The most expensive home sold in Iola had a price of $381,300.
What is currently the cheapest priced home in Iola, IL?
The cheapest home for sale in Iola is priced at $28,682.
Living in Iola, IL
Iola is a small village in Illinois offering a peaceful rural lifestyle with close-knit community vibes. Residents enjoy access to outdoor activities and natural beauty, making it an ideal location for those looking for tranquility while being connected to nearby urban amenities.
Current Market Conditions in Iola, IL
The real estate market in Iola is currently stable, with a mix of affordable homes and some higher-priced properties reflecting the area’s desirability. The demand for houses in Iola remains steady, as many are seeking the tranquility of small-town living yet close enough to larger urban centers for work and recreation.
There is an increasing trend of families moving to Iola, attracted by its affordable housing and great community feel. This has led to a slight rise in home prices, with many properties being snapped up quickly. Despite the increases, Iola still offers some of the most affordable options compared to surrounding areas.
Home Value Estimator For Iola, IL
There are currently 53 real estate properties
in Iola, IL,
with a median automated valuation model (AVM) price
of $135,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Iola, 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 Iola, IL,
is $149,289.00, with the most expensive house
in Iola, IL, topping out
at $381,300.00 and the cheapest home
in Iola, IL,
clocking in at $28,682.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Iola, IL!
Rent Prices
In Iola, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Iola, IL, is on
a rollercoaster ride. The
average rent price in Iola, IL,
is $1,003.00. Indeed, when looking to rent in
Iola, IL, you can expect to pay as little
as $750.00 or as much
as $1,780.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Iola, 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.
Learn more on Foreclosure homes
