Foreclosure Homes in Savoy, IL

Current Market Conditions in Savoy, IL

The real estate market in Savoy has shown steady growth in recent years, driven by increasing demand for family homes and its favorable location. The area has experienced a competitive market with homes appreciating in value, making it a promising area for investors seeking long-term gains.

Rental properties in Savoy are also in demand, particularly due to the proximity to the university, attracting students, faculty, and staff. Investors can find opportunities in both residential and multi-family housing sectors, with potential for strong rental yields.

Rent Prices In Savoy, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Savoy, IL, is on a rollercoaster ride. The average rent price in Savoy, IL, is $1,655.00. Indeed, when looking to rent in Savoy, IL, you can expect to pay as little as $600.00 or as much as $4,560.00, with the average rent median estimated to be $1,570.00. The good news is that finding an affordable and desirable property to rent in Savoy, 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.