Living in Joy, IL
Located in Mercer County, Illinois, JOY is a peaceful unincorporated community surrounded by beautiful countryside. With a close-knit atmosphere and access to outdoor activities, it's an ideal spot for those seeking a quiet lifestyle. Nearby towns offer additional amenities, making it a great place to live.
Current Market Conditions in Joy, IL
The real estate market in JOY is relatively stable with a focus on affordable housing options. Recently, there has been a slight increase in listings, indicating a growing interest in the area from potential home buyers looking to escape urban life for a more serene environment.
In the past few months, interest rates have affected the affordability of mortgages, leading to a slight increase in the number of buyers seeking homes at a lower price point. However, this has not severely impacted the overall market stability.
Home Value Estimator For Joy, IL
There are currently 223 real estate properties
in Joy, IL,
with a median automated valuation model (AVM) price
of $77,189.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Joy, 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 Joy, IL,
is $115,745.00, with the most expensive house
in Joy, IL, topping out
at $668,919.00 and the cheapest home
in Joy, IL,
clocking in at $13,545.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Joy, IL!
Rent Prices
In Joy, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Joy, IL, is on
a rollercoaster ride. The
average rent price in Joy, IL,
is $983.00. Indeed, when looking to rent in
Joy, IL, you can expect to pay as little
as $470.00 or as much
as $1,960.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Joy, 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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