Foreclosure Homes in Oblong, IL 62449

Current Market Conditions in Oblong, IL

The real estate market in Oblong has remained stable, with a modest increase in home sales over the last few months. The affordability of homes continues to attract buyers looking for investment opportunities or a primary residence in a tight-knit community.

As the demand for rural living grows post-pandemic, Oblong's real estate market has seen interest from outside buyers, particularly those seeking vacation homes or retirement locations. However, prices are still considered low compared to urban areas.

Recent developments in nearby infrastructure and local businesses have bolstered the market's resilience, making it an appealing option for first-time homebuyers.

Rent Prices In Oblong, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oblong, IL, is on a rollercoaster ride. The average rent price in Oblong, IL, is $976.00. Indeed, when looking to rent in Oblong, IL, you can expect to pay as little as $480.00 or as much as $1,950.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Oblong, 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.