Foreclosure Homes in Orion, IL

Buyer vs Seller Market in Orion, IL

The real estate market in Orion is currently experiencing a stable trend, with moderate demand for single-family homes. The prices remain attractive for buyers seeking affordable housing options in small-town settings. The market is characterized by a mix of traditional older homes and newly built residences, appealing to various demographics.

As of late 2023, the housing inventory remains relatively low, causing some upward pressure on prices, but the overall environment is still favorable for buyers. Investors are also beginning to notice the potential in Orion, as it offers a promising rental market for those looking to enter the real estate investment arena.

Rent Prices In Orion, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orion, IL, is on a rollercoaster ride. The average rent price in Orion, IL, is $1,368.00. Indeed, when looking to rent in Orion, IL, you can expect to pay as little as $590.00 or as much as $2,800.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Orion, 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.