Foreclosure Homes in South Pekin, IL

Current Market Conditions in South Pekin, IL

The South Pekin real estate market is currently stable with moderate growth trends. Home prices have been consistent, attracting both first-time buyers and investors. The demand for housing within the community remains steady due to its affordable options and strong community appeal.

Recently, South Pekin has experienced an influx of new residents drawn by the village's charm and affordability compared to larger cities nearby. This trend is expected to continue, which may lead to a gradual increase in property values.

Rent Prices In South Pekin, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Pekin, IL, is on a rollercoaster ride. The average rent price in South Pekin, IL, is $964.00. Indeed, when looking to rent in South Pekin, IL, you can expect to pay as little as $610.00 or as much as $1,740.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in South Pekin, 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.