Payson, IL Foreclosures
How much do homes sell for in Payson, IL?
The average home price is currently $163,536.
What’s the average rental cost in Payson, IL?
The average rental price in Payson is $1,078.
What is the most expensive home in Payson?
The most expensive home sold in Payson had a price of $724,253.
What is currently the cheapest priced home in Payson, IL?
The cheapest home for sale in Payson is priced at $12,810.
Living in Payson, IL
Payson, Illinois, is a quaint village known for its friendly atmosphere and beautiful rural surroundings. The community is tight-knit, with a focus on family values and quality education. Nestled amidst picturesque landscapes, Payson offers both serenity and convenience, appealing to those seeking a peaceful lifestyle.
Current Market Conditions in Payson, IL
The real estate market in Payson is relatively stable, with home prices reflecting the area's affordability. Demand is consistent due to its attractive living environment, especially for families and retirees looking for a more relaxed pace of life. Homes are reasonably priced compared to neighboring regions, making it an appealing option for first-time buyers and investors alike.
Currently, there is a steady supply of homes, although inventory can vary depending on the season. Average days on the market suggest that homes sell relatively quickly, hinting at a healthy demand for properties in the area.
Home Value Estimator For Payson, IL
There are currently 552 real estate properties
in Payson, IL,
with a median automated valuation model (AVM) price
of $134,997.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Payson, 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 Payson, IL,
is $163,536.00, with the most expensive house
in Payson, IL, topping out
at $724,253.00 and the cheapest home
in Payson, IL,
clocking in at $12,810.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Payson, IL!
Rent Prices
In Payson, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Payson, IL, is on
a rollercoaster ride. The
average rent price in Payson, IL,
is $1,078.00. Indeed, when looking to rent in
Payson, IL, you can expect to pay as little
as $530.00 or as much
as $2,160.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Payson, 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.
Learn more on Foreclosure homes
