Living in Modoc, IL
Modoc, IL is a hidden gem characterized by its tranquility and strong community spirit. Nestled in Perry County, it offers a lifestyle that combines rural charm with accessibility to local amenities. Outdoor enthusiasts will love the nearby recreational opportunities, making it a perfect place to call home.
Current Market Conditions in Modoc, IL
The real estate market in Modoc is stable, with an increasing number of families and retirees seeking homes in the area. The small-town charm and affordability attract buyers looking for value, leading to a gradual increase in home prices. While inventory remains low, interest among prospective homebuyers is growing, signaling a healthy demand for real estate in the region.
Recent trends indicate that more millennials and young families are moving to Modoc. The community’s appeal lies in its affordability and quality of life, resulting in a competitive market for residential properties. This trend suggests sustained interest and potential future growth in property values.
Home Value Estimator For Modoc, IL
There are currently 28 real estate properties
in Modoc, IL,
with a median automated valuation model (AVM) price
of $106,357.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Modoc, 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 Modoc, IL,
is $131,343.00, with the most expensive house
in Modoc, IL, topping out
at $338,566.00 and the cheapest home
in Modoc, IL,
clocking in at $18,650.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Modoc, IL!
Rent Prices
In Modoc, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Modoc, IL, is on
a rollercoaster ride. The
average rent price in Modoc, IL,
is $1,338.00. Indeed, when looking to rent in
Modoc, IL, you can expect to pay as little
as $1,030.00 or as much
as $1,580.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Modoc, 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.
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