Multi-family Foreclosures in Normal, IL

Current Market Conditions in Normal, IL

The real estate market in Normal, IL has shown stability over the past year, with home prices appreciating steadily. Increased demand for housing near educational institutions and the affordability of the area are contributing factors to its growth.

There is a healthy balance of inventory in the market, making it competitive yet not overwhelming for buyers. Investors are showing interest due to the reliable rental market associated with the university.

Rent Prices In Normal, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Normal, IL, is on a rollercoaster ride. The average rent price in Normal, IL, is $1,455.00. Indeed, when looking to rent in Normal, IL, you can expect to pay as little as $630.00 or as much as $3,240.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Normal, 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.