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Preforeclosure Homes in Loraine, IL

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Loraine, IL Foreclosures

How much do homes sell for in Loraine, IL?
The average home price is currently $105,606.
In Loraine, IL, how many homes are available?
There are currently 68 active home listings available in Loraine.
What’s the average rental cost in Loraine, IL?
The average rental price in Loraine is $967.
What is the most expensive home in Loraine?
The most expensive home sold in Loraine had a price of $485,900.
What is currently the cheapest priced home in Loraine, IL?
The cheapest home for sale in Loraine is priced at $23,318.

Living in Loraine, IL

Located in the picturesque region of the Midwest, Loraine, Illinois, is a welcoming village perfect for those seeking a peaceful and community-focused lifestyle. With ample outdoor activities and shopping nearby, it provides an ideal balance between rural serenity and urban accessibility. Families will especially appreciate its strong educational resources and community spirit.

Current Market Conditions in Loraine, IL

Loraine's real estate market is characterized by stable home prices and a steady demand for single-family homes. Recent trends indicate that the suburban appeal of Loraine is attracting buyers looking for more space and a quieter lifestyle, especially post-pandemic.

Home Value Estimator For Loraine, IL

There are currently 172 real estate properties in Loraine, IL, with a median automated valuation model (AVM) price of $82,581.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Loraine, 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 Loraine, IL, is $105,606.00, with the most expensive house in Loraine, IL, topping out at $485,900.00 and the cheapest home in Loraine, IL, clocking in at $23,318.00. In other words, there’s something for every potential homebuyer or savvy investor in Loraine, IL!

Rent Prices In Loraine, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Loraine, IL, is on a rollercoaster ride. The average rent price in Loraine, IL, is $967.00. Indeed, when looking to rent in Loraine, IL, you can expect to pay as little as $590.00 or as much as $1,450.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Loraine, 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.

Loraine, IL Preforeclosure Homes


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