Foreclosure Homes in Philo, IL

Current Market Conditions in Philo, IL

The current real estate market in Philo, IL shows signs of growth, with a steady increase in home values. The average price for homes in the area remains competitive compared to nearby urban centers, attracting first-time homebuyers and families looking for affordable housing options.

Over the past year, Philo has experienced a surge in demand for housing, driven by its appealing rural lifestyle and proximity to larger cities like Champaign-Urbana. This trend is expected to continue as more people seek to escape the hustle and bustle of major metropolitan areas.

Rent Prices In Philo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Philo, IL, is on a rollercoaster ride. The average rent price in Philo, IL, is $1,484.00. Indeed, when looking to rent in Philo, IL, you can expect to pay as little as $680.00 or as much as $3,090.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Philo, 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.