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Preforeclosure Homes in Niles, IL 60714

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Living in Niles, IL

Niles, IL is a welcoming suburban village just north of Chicago, featuring a blend of residential areas, parks, and shopping centers. With a strong sense of community and various amenities, including fitness centers and public transportation options, it provides an ideal living environment for families and professionals looking for suburban charm close to the city.

Current Market Conditions in Niles, IL

The real estate market in Niles has shown a steady increase in activity, with home prices gradually rising over the past year. Many buyers are drawn to this area due to its proximity to Chicago, quality schools, and family-friendly atmosphere. Despite the competitive nature of the market, there are still opportunities for first-time buyers and real estate investors to find properties that meet their needs.

Rental properties in Niles have also increased in demand, particularly among young professionals and families looking for more space than apartment living in the city. The rental market remains favorable for landlords, with reasonably high occupancy rates and consistent rental income.

Home Value Estimator For Niles, IL

There are currently 11,206 real estate properties in Niles, IL, with a median automated valuation model (AVM) price of $426,099.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Niles, 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 Niles, IL, is $473,327.00, with the most expensive house in Niles, IL, topping out at $116,135,208.00 and the cheapest home in Niles, IL, clocking in at $10,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Niles, IL!

Rent Prices In Niles, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Niles, IL, is on a rollercoaster ride. The average rent price in Niles, IL, is $1,924.00. Indeed, when looking to rent in Niles, IL, you can expect to pay as little as $890.00 or as much as $4,300.00, with the average rent median estimated to be $1,960.00. The good news is that finding an affordable and desirable property to rent in Niles, 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.

Niles, IL 60714 Preforeclosure Homes


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