Lima, IL Foreclosures
How much do homes sell for in Lima, IL?
The average home price is currently $78,047.
In Lima, IL, how many homes are available?
There are currently 74 active home listings available in Lima.
What’s the average rental cost in Lima, IL?
The average rental price in Lima is $845.
What is the most expensive home in Lima?
The most expensive home sold in Lima had a price of $298,409.
What is currently the cheapest priced home in Lima, IL?
The cheapest home for sale in Lima is priced at $17,613.
Living in Lima, IL
Lima, IL, is a small village that offers a serene lifestyle surrounded by beautiful rural landscapes. With a close-knit community, it provides essential amenities and access to quality education. Residents enjoy outdoor activities and the tranquil environment, making it a perfect location for families and those looking to escape urban life.
Current Market Conditions in Lima, IL
The real estate market in Lima, IL, is stable with a consistent demand for homes among families and retirees looking for a peaceful environment. The prices here are generally affordable compared to neighboring cities, making it attractive for first-time home buyers and those seeking to downsize.
Recent trends indicate a slight increase in property values as more individuals seek out rural settings and a slower pace of life, thus contributing to a growing interest in Lima as a desirable place to live.
Home Value Estimator For Lima, IL
There are currently 32 real estate properties
in Lima, IL,
with a median automated valuation model (AVM) price
of $54,462.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lima, 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 Lima, IL,
is $78,047.00, with the most expensive house
in Lima, IL, topping out
at $298,409.00 and the cheapest home
in Lima, IL,
clocking in at $17,613.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lima, IL!
Rent Prices
In Lima, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lima, IL, is on
a rollercoaster ride. The
average rent price in Lima, IL,
is $845.00. Indeed, when looking to rent in
Lima, IL, you can expect to pay as little
as $570.00 or as much
as $1,240.00,
with the average rent median estimated to
be $760.00. The good news is that finding
an affordable and desirable property to rent in Lima, 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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