Lomax, IL Foreclosures
How much do homes sell for in Lomax, IL?
The average home price is currently $103,039.
In Lomax, IL, how many homes are available?
There are currently 6 active home listings available in Lomax.
What’s the average rental cost in Lomax, IL?
The average rental price in Lomax is $1,032.
What is the most expensive home in Lomax?
The most expensive home sold in Lomax had a price of $381,066.
What is currently the cheapest priced home in Lomax, IL?
The cheapest home for sale in Lomax is priced at $19,372.
Living in Lomax, IL
Lomax, IL is a quaint village offering a serene rural lifestyle marked by friendly neighbors and beautiful landscapes. It's known for its outdoor activities centered around parks and the nearby Mississippi River, making it suitable for nature enthusiasts. Residents appreciate its close-knit community and convenient access to larger urban centers for additional amenities.
Current Market Conditions in Lomax, IL
The real estate market in Lomax is relatively stable, with a mix of family homes and agricultural properties. Prices have remained consistent, with some fluctuations mainly due to the rural nature of the area. The demand for homes in Lomax is moderate, attracting both investors and individuals looking for a peaceful retreat from urban living.
Over the past few months, Lomax has experienced an increase in interest from buyers seeking affordable housing options in a quiet environment. This trend reflects a broader shift as more individuals opt for rural settings in search of tranquility, especially post-pandemic.
Home Value Estimator For Lomax, IL
There are currently 125 real estate properties
in Lomax, IL,
with a median automated valuation model (AVM) price
of $89,611.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lomax, 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 Lomax, IL,
is $103,039.00, with the most expensive house
in Lomax, IL, topping out
at $381,066.00 and the cheapest home
in Lomax, IL,
clocking in at $19,372.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lomax, IL!
Rent Prices
In Lomax, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lomax, IL, is on
a rollercoaster ride. The
average rent price in Lomax, IL,
is $1,032.00. Indeed, when looking to rent in
Lomax, IL, you can expect to pay as little
as $590.00 or as much
as $1,590.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Lomax, 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
