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Rent To Own Homes in Philo, IL 61864

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Philo, IL Foreclosures

How much do homes sell for in Philo, IL?
The average home price is currently $251,100.
In Philo, IL, how many homes are available?
There are currently 2 active home listings available in Philo.
What’s the average rental cost in Philo, IL?
The average rental price in Philo is $1,484.
What is the most expensive home in Philo?
The most expensive home sold in Philo had a price of $2,100,261.
What is currently the cheapest priced home in Philo, IL?
The cheapest home for sale in Philo is priced at $17,491.

Living in Philo, IL

Philo, IL is a charming village located near Champaign-Urbana, known for its close-knit community, excellent schools, and abundant outdoor activities. This tranquil area provides residents with a peaceful lifestyle while being just a short drive from urban conveniences. The village's small-town charm, combined with its proximity to bigger cities, makes it an attractive place to live for families and professionals alike.

Current Market Conditions in Philo, IL

The real estate market in Philo, IL remains steady with a balance of inventory and demand. Property prices have seen modest increases, reflecting the area’s appeal due to its unique location and community features. Homes typically sell at competitive prices, attracting both first-time buyers and those looking to relocate from nearby urban centers.

There has been a noticeable trend of families moving to Philo for its quality of life and educational opportunities. Consequently, the demand for single-family homes has increased, leading to quicker sales and some bidding wars in certain desirable neighborhoods.

Home Value Estimator For Philo, IL

There are currently 657 real estate properties in Philo, IL, with a median automated valuation model (AVM) price of $228,997.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Philo, 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 Philo, IL, is $251,100.00, with the most expensive house in Philo, IL, topping out at $2,100,261.00 and the cheapest home in Philo, IL, clocking in at $17,491.00. In other words, there’s something for every potential homebuyer or savvy investor in Philo, IL!

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.

Philo, IL 61864 Rent To Own Homes

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