Rio, IL Foreclosures
How much do homes sell for in Rio, IL?
The average home price is currently $226,697.
In Rio, IL, how many homes are available?
There are currently 10 active home listings available in Rio.
What’s the average rental cost in Rio, IL?
The average rental price in Rio is $1,181.
What is the most expensive home in Rio?
The most expensive home sold in Rio had a price of $4,710,800.
What is currently the cheapest priced home in Rio, IL?
The cheapest home for sale in Rio is priced at $13,288.
Living in Rio, IL
Rio, Illinois is a small, charming community located in Henderson County. Known for its friendly atmosphere and rural charm, it offers a peaceful lifestyle with easy access to nearby cities. The area boasts scenic landscapes and a close-knit community, making it ideal for families and retirees alike.
Current Market Conditions in Rio, IL
The real estate market in Rio, IL shows a stable trend with affordable housing options that attract families and retirees. The demand has remained consistent, particularly for spacious single-family homes with ample outdoor areas. Properties in the area have generally appreciated in value over recent years, with many buyers seeking the tranquility that rural living provides.
Currently, Rio is experiencing an increase in interest from first-time homebuyers looking for budget-friendly properties. The average home price remains lower than the national average, making it an attractive option for those transitioning out of rental properties. As the market and local economy stabilize, the growth potential in real estate is becoming more evident.
Home Value Estimator For Rio, IL
There are currently 317 real estate properties
in Rio, IL,
with a median automated valuation model (AVM) price
of $149,325.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rio, 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 Rio, IL,
is $226,697.00, with the most expensive house
in Rio, IL, topping out
at $4,710,800.00 and the cheapest home
in Rio, IL,
clocking in at $13,288.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rio, IL!
Rent Prices
In Rio, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rio, IL, is on
a rollercoaster ride. The
average rent price in Rio, IL,
is $1,181.00. Indeed, when looking to rent in
Rio, IL, you can expect to pay as little
as $620.00 or as much
as $2,160.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Rio, 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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