Ruma, IL Foreclosures
How much do homes sell for in Ruma, IL?
The average home price is currently $174,112.
What’s the average rental cost in Ruma, IL?
The average rental price in Ruma is $1,189.
What is the most expensive home in Ruma?
The most expensive home sold in Ruma had a price of $735,000.
What is currently the cheapest priced home in Ruma, IL?
The cheapest home for sale in Ruma is priced at $22,140.
Living in Ruma, IL
Ruma, IL, is a quaint town ideal for those seeking a quieter lifestyle. It offers a strong sense of community, access to essential services, and plenty of outdoor activities. With good schools and nearby recreational opportunities, it's an attractive option for families and retirees.
Current Market Conditions in Ruma, IL
The real estate market in Ruma is currently experiencing a steady demand for single-family homes, with prices showing a gradual upward trend. Investors and homebuyers are taking interest in the area due to its affordability compared to nearby urban centers.
There has been an increase in new developments, particularly in residential housing, indicating growth and potential for future appreciation in property values. The combination of a strong community, accessible amenities, and attractive living conditions make Ruma a ripe location for real estate investment.
Home Value Estimator For Ruma, IL
There are currently 149 real estate properties
in Ruma, IL,
with a median automated valuation model (AVM) price
of $145,585.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ruma, 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 Ruma, IL,
is $174,112.00, with the most expensive house
in Ruma, IL, topping out
at $735,000.00 and the cheapest home
in Ruma, IL,
clocking in at $22,140.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ruma, IL!
Rent Prices
In Ruma, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ruma, IL, is on
a rollercoaster ride. The
average rent price in Ruma, IL,
is $1,189.00. Indeed, when looking to rent in
Ruma, IL, you can expect to pay as little
as $720.00 or as much
as $1,760.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Ruma, 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.
Learn more on Foreclosure homes
