Foreclosures in Monmouth, IL

Current Market Conditions in Monmouth, IL

The Monmouth real estate market has seen steady appreciation over recent years, fueled by a growing interest in small-town living. Recent trends indicate a positive upswing in housing demand, particularly among first-time homebuyers who are attracted by the affordability and community feel of the area. As homes remain accessible in pricing, the market continues to appeal to a diverse buyer pool.

Current statistics suggest that home sales have increased, with homes spending less time on the market compared to previous years. The affordability of Monmouth compared to larger metropolitan areas further drives interest, and new listings are emerging, indicating a healthy supply-demand balance.

Rent Prices In Monmouth, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monmouth, IL, is on a rollercoaster ride. The average rent price in Monmouth, IL, is $1,024.00. Indeed, when looking to rent in Monmouth, IL, you can expect to pay as little as $510.00 or as much as $2,220.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Monmouth, 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.