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Foreclosure Homes in Rankin, IL 60960

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Rankin, IL Foreclosures

How much do homes sell for in Rankin, IL?
The average home price is currently $194,772.
In Rankin, IL, how many homes are available?
There are currently 1 active home listings available in Rankin.
What’s the average rental cost in Rankin, IL?
The average rental price in Rankin is $1,199.
What is the most expensive home in Rankin?
The most expensive home sold in Rankin had a price of $1,572,009.
What is currently the cheapest priced home in Rankin, IL?
The cheapest home for sale in Rankin is priced at $10,658.

Living in Rankin, IL

Rankin, IL, is a small, close-knit community that offers a peaceful rural lifestyle complemented by friendly neighbors and beautiful surroundings. With access to local amenities and parks, it's ideal for families and those looking to enjoy a slower pace of life.

Current Market Conditions in Rankin, IL

The current real estate market in Rankin shows a steady demand for homes, particularly among first-time buyers and those seeking a quieter lifestyle. The inventory remains relatively low, which maintains stable prices for homes in the area.

Homes in Rankin typically attract buyers looking for value in a peaceful setting, with recent trends indicating a growing interest in rural living, partly as a response to remote work opportunities.

Home Value Estimator For Rankin, IL

There are currently 499 real estate properties in Rankin, IL, with a median automated valuation model (AVM) price of $113,331.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rankin, 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 Rankin, IL, is $194,772.00, with the most expensive house in Rankin, IL, topping out at $1,572,009.00 and the cheapest home in Rankin, IL, clocking in at $10,658.00. In other words, there’s something for every potential homebuyer or savvy investor in Rankin, IL!

Rent Prices In Rankin, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rankin, IL, is on a rollercoaster ride. The average rent price in Rankin, IL, is $1,199.00. Indeed, when looking to rent in Rankin, IL, you can expect to pay as little as $710.00 or as much as $3,930.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Rankin, 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.

Rankin, IL 60960 Foreclosures

Market Trend for Rankin, IL

Total Listings Available: 1

Market Values:

Home Prices from $10,658 to $1,572,009

Average Sales Price: $194,772

Rental Values:

Rental from $710 to $3,930

Average Rent Value: $1,199 / month

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