Loraine, IL Foreclosures
How much do homes sell for in Loraine, IL?
The average home price is currently $105,584.
In Loraine, IL, how many homes are available?
There are currently 69 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 $465,506.
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
Loraine, IL is a charming small town known for its welcoming community and tranquil lifestyle. With a focus on family and education, this town provides a peaceful environment for raising children. Outdoor enthusiasts will appreciate the natural beauty and recreational opportunities available.
Current Market Conditions in Loraine, IL
The real estate market in Loraine, IL, has seen steady growth over the past year, with increasing demand for single-family homes driven by families looking for more space and a quieter lifestyle. The median home prices have risen moderately, which reflects the appeal of the area as a great place to settle down.
In recent months, there has been a notable increase in listings, particularly for homes with larger lots and outdoor spaces, as buyers prioritize areas that allow for more recreational activities and outdoor living.
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 $105,584.00, with the most expensive house
in Loraine, IL, topping out
at $465,506.00 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.
Learn more on Foreclosure homes
