Foreclosure Homes in Ottawa, IL

Current Market Conditions in Ottawa, IL

The current real estate market in Ottawa, IL is witnessing steady growth, driven by an increasing demand for affordable housing options. The city has seen a significant influx of first-time homebuyers and families moving into the area, attracted by its quality of life and available amenities. Homes in Ottawa typically sell quickly, and listings are averaging a duration of 30-45 days on the market.

Rent Prices In Ottawa, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ottawa, IL, is on a rollercoaster ride. The average rent price in Ottawa, IL, is $1,101.00. Indeed, when looking to rent in Ottawa, IL, you can expect to pay as little as $610.00 or as much as $2,220.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Ottawa, 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.