Lomax, IL Foreclosures
How much do homes sell for in Lomax, IL?
The average home price is currently $103,315.
In Lomax, IL, how many homes are available?
There are currently 7 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, Illinois, is a quaint town that embodies a peaceful rural lifestyle, surrounded by beautiful farmland and nature. The community offers a friendly atmosphere with supportive local schools and recreational opportunities. Residents can enjoy nearby parks and outdoor activities while having convenient access to larger cities for shopping and entertainment.
Current Market Conditions in Lomax, IL
The real estate market in Lomax is relatively stable, with a mix of affordable single-family homes and some agricultural properties. Recently, the market has seen a modest increase in home values as more buyers seek homes in rural areas away from urban congestion, reflecting a growing trend of remote living and the desire for outdoor space.
New listings have emerged, especially in the lower price range, appealing to first-time buyers and investors looking for rental opportunities. There has been significant interest in properties with larger yards and land, suggesting a shift in market preferences.
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 $87,736.00. 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 $103,315.00, 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
