Renault, IL Foreclosures
How much do homes sell for in Renault, IL?
The average home price is currently $107,286.
In Renault, IL, how many homes are available?
There are currently 50 active home listings available in Renault.
What’s the average rental cost in Renault, IL?
The average rental price in Renault is $993.
What is the most expensive home in Renault?
The most expensive home sold in Renault had a price of $235,373.
What is currently the cheapest priced home in Renault, IL?
The cheapest home for sale in Renault is priced at $41,058.
Living in Renault, IL
Renault, Illinois, is a quaint rural community that offers a peaceful lifestyle amidst beautiful farmlands. Known for its friendly atmosphere, the area provides access to various outdoor activities, and residents benefit from a lower cost of living compared to nearby urban centers. With a small-town charm and convenient proximity to larger towns, Renault is the perfect place for those seeking tranquility without sacrificing access to amenities.
Current Market Conditions in Renault, IL
The current real estate market in Renault reflects a stable environment, with property prices generally remaining affordable compared to neighboring areas. The demand for homes is moderate, and buyers are attracted by the low cost of living and the benefits of rural lifestyle. However, as interest in suburban and rural living increases post-pandemic, there may be a slow uptick in property values as more buyers look to escape urban congestion.
Recently, residential properties in Renault tend to sell at competitive prices, which keeps the market active. Increasing interest in rural living and outdoor amenities has led to a steady, if modest, growth in home sales, especially among families and retirees aiming for a quieter life.
Home Value Estimator For Renault, IL
There are currently 29 real estate properties
in Renault, IL,
with a median automated valuation model (AVM) price
of $77,841.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Renault, 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 Renault, IL,
is $107,286.00, with the most expensive house
in Renault, IL, topping out
at $235,373.00 and the cheapest home
in Renault, IL,
clocking in at $41,058.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Renault, IL!
Rent Prices
In Renault, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Renault, IL, is on
a rollercoaster ride. The
average rent price in Renault, IL,
is $993.00. Indeed, when looking to rent in
Renault, IL, you can expect to pay as little
as $800.00 or as much
as $1,290.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Renault, 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.
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