Living in Smithfield, IL
Smithfield, IL is a charming small town offering a tranquil lifestyle with a friendly community atmosphere. The area is rich in outdoor activities, with parks and recreational facilities available for residents. Smithfield provides easy access to nearby urban centers for those seeking additional amenities.
Current Market Conditions in Smithfield, IL
Currently, Smithfield's real estate market is stable, with a mix of traditional single-family homes and some newer constructions. The demand for homes has remained consistent as more people seek refuge in smaller towns amidst the urban migration trend driven by recent events. This trend is encouraging a gradual increase in home values, making it an appealing market for both buyers and investors.
There has been a notable rise in interest in rural properties, as homebuyers are prioritizing spaces that offer more land and privacy. Smithfield, with its picturesque landscapes and low population density, has attracted buyers looking for second homes or primary residences that provide a change of pace from city life.
Home Value Estimator For Smithfield, IL
There are currently 139 real estate properties
in Smithfield, IL,
with a median automated valuation model (AVM) price
of $80,158.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Smithfield, 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 Smithfield, IL,
is $110,224.00, with the most expensive house
in Smithfield, IL, topping out
at $662,775.00 and the cheapest home
in Smithfield, IL,
clocking in at $14,389.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Smithfield, IL!
Rent Prices
In Smithfield, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Smithfield, IL, is on
a rollercoaster ride. The
average rent price in Smithfield, IL,
is $888.00. Indeed, when looking to rent in
Smithfield, IL, you can expect to pay as little
as $570.00 or as much
as $1,690.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Smithfield, 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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