Buying city property has tremendous potential because you have the opportunity to turn a neglected eyesore into a real estate gem … at a fraction of the cost. Click on a listing below to begin search for city-owned properties for sale in your area. Don't overpay for your next home in Jacob, IL. There are 83 discounted homes for sale in Jacob, IL we think you'll love.
Jacob, Illinois is a quaint village known for its peaceful living and community spirit. Nestled in a rural setting, it offers residents a slower pace of life while still maintaining convenient access to nearby amenities. Its location ensures a mix of nature and neighborly connection, suitable for families and individuals alike.
There are currently 85 real estate properties in Jacob, IL, with a median automated valuation model (AVM) price of $111,787.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Jacob, 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 Jacob, IL, is $168,518.00, with the most expensive house in Jacob, IL, topping out at $878,156.00 and the cheapest home in Jacob, IL, clocking in at $14,479.00. In other words, there’s something for every potential homebuyer or savvy investor in Jacob, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jacob, IL, is on a rollercoaster ride. The average rent price in Jacob, IL, is $938.00. Indeed, when looking to rent in Jacob, IL, you can expect to pay as little as $600.00 or as much as $1,670.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Jacob, 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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