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Rent To Own Homes in Milan, IL

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Milan, IL Foreclosures

How much do homes sell for in Milan, IL?
The average home price is currently $216,038.
In Milan, IL, how many homes are available?
There are currently 14 active home listings available in Milan.
What’s the average rental cost in Milan, IL?
The average rental price in Milan is $1,225.
What is the most expensive home in Milan?
The most expensive home sold in Milan had a price of $10,055,236.
What is currently the cheapest priced home in Milan, IL?
The cheapest home for sale in Milan is priced at $10,188.

Living in Milan, IL

Milan, Illinois is a quaint and family-friendly town situated near the Quad Cities, known for its welcoming community and beautiful scenery along the Rock River. With excellent schools, recreational parks, and a peaceful atmosphere, it's an ideal place for those looking to enjoy suburban living while remaining connected to urban amenities.

Current Market Conditions in Milan, IL

The current real estate market in Milan is characterized by a moderate demand for housing, with a gradual increase in property values observed in recent months. The community's charm combined with its proximity to larger cities makes it an attractive option for first-time home buyers and families alike, leading to a competitive but manageable market.

Many homes in Milan are selling quickly, often within weeks of being listed, indicating that buyers are keen to capture properties in this area. The average home prices have been rising steadily, driven by limited inventory and an influx of interest from relocating families.

Home Value Estimator For Milan, IL

There are currently 3,856 real estate properties in Milan, IL, with a median automated valuation model (AVM) price of $163,513.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Milan, 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 Milan, IL, is $216,038.00, with the most expensive house in Milan, IL, topping out at $10,055,236.00 and the cheapest home in Milan, IL, clocking in at $10,188.00. In other words, there’s something for every potential homebuyer or savvy investor in Milan, IL!

Rent Prices In Milan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Milan, IL, is on a rollercoaster ride. The average rent price in Milan, IL, is $1,225.00. Indeed, when looking to rent in Milan, IL, you can expect to pay as little as $460.00 or as much as $2,200.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Milan, 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.

Milan, IL Rent To Own Homes

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