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Foreclosures in Lacon, IL

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Living in Lacon, IL

Lacon, IL, is a serene small town located along the Illinois River, known for its beautiful landscapes and tight-knit community. Residents enjoy easy access to outdoor activities and nearby urban amenities. The local schools are well-regarded, making it an excellent place for families.

Current Market Conditions in Lacon, IL

The Lacon real estate market has shown stable conditions with a mix of affordable homes and modestly priced properties. As more people discover the allure of small town living combined with outdoor recreational opportunities, demand for homes in Lacon is gradually increasing.

Investors can find viable opportunities in Lacon, with competitive pricing compared to surrounding areas. The market tends to attract first-time homebuyers as well as those looking for vacation properties or a peaceful retreat from city life.

Home Value Estimator For Lacon, IL

There are currently 997 real estate properties in Lacon, IL, with a median automated valuation model (AVM) price of $127,855.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lacon, 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 Lacon, IL, is $143,266.00, with the most expensive house in Lacon, IL, topping out at $693,077.00 and the cheapest home in Lacon, IL, clocking in at $30,398.00. In other words, there’s something for every potential homebuyer or savvy investor in Lacon, IL!

Rent Prices In Lacon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lacon, IL, is on a rollercoaster ride. The average rent price in Lacon, IL, is $1,136.00. Indeed, when looking to rent in Lacon, IL, you can expect to pay as little as $580.00 or as much as $2,210.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Lacon, 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.

Lacon, IL Foreclosures


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