Foreclosure Homes in Merrionette Park, IL

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$62,900 EMV

S Kedzie Ave Apt 57
Merrionette Park, IL 60803

| 0 Sq. Ft.

$137,700 EMV

W 113th Pl
Merrionette Park, IL 60803

2 Bed | 1 Bath | 858 Sq. Ft.

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Foreclosure Homes in Merrionette Park, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Merrionette Park, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Merrionette Park, IL and much more. Save thousands at closing with home foreclosure listings in Merrionette Park, IL — up to 75% off market value!

Top Reasons To Live In Merrionette Park, IL In 2021

Merrionette Park is located in Cook, Illinois, with an estimated municipal population of 1,858 residents. All of the best foreclosed homes for sale in Merrionette Park are located in the following zip code areas on 60803. The estimated population per square kilometer (.62 miles) in Merrionette Park is 1,912.

Cost Of Living In Merrionette Park, IL

So, about how much do homes cost in Merrionette Park? The most recent median value of resident-owned homes in Merrionette Park is 91,040. An estimated 74.8 percent of households in Merrionette Park own their homes, with an average family size of 3.44. The median household income in Merrionette Park is 51,979, with20.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Merrionette Park, the median commute time of resident workers (in minutes) is 37.7. And last, but certainly not least, are you looking for homes to rent in Merrionette Park? If so, the average rent price paid by renters in Merrionette Park is 978, according to recent statistics.

Diversity And Demographics In Merrionette Park, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Merrionette Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Merrionette Park is 37.7, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Merrionette Park is 44.6, with an average family size of 3.44.

The percentage of residents who report their race in Merrionette Park is as follows:

White 79.1%
Black / African American 8.5%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 11.4%

Looking for family-friendly neighborhoods in and/or near Merrionette Park? Or maybe you are searching for 55+ active adult communities in and/or near Merrionette Park?

The percentage of residents who report their age in Merrionette Park is as follows:

Under 10 10.4%
Aged 10-19 13.8%
20s 12.2%
30s 15.7%
40s 14.7%
50s 14.6%
60s 10%
70s 6.5%
80+ 2.3%

Best Schools In Merrionette Park, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Merrionette Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Merrionette Park.

Pros And Cons Of Living In Merrionette Park, Illinois

How do you know that living in -- or moving to -- Merrionette Park is right where you need to be? Perhaps you grew up in Merrionette Park or already live nearby; therefore, the decision to buy a home in Merrionette Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Merrionette Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Merrionette Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Merrionette Park.

Reasons To Move To Merrionette Park, Illinois, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Merrionette Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Merrionette Park, meanwhile, can field multiple offers from more qualified buyers.


Listing types in Merrionette Park, IL

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