Foreclosure Homes in Stanford, IL 61774

Current Market Conditions in Stanford, IL

The real estate market in Stanford reflects a stable environment, with home values holding steady over the past few months. There is a mix of older homes and new constructions, catering to various buyer preferences. The demand for homes in small towns like Stanford has seen some growth as more people seek out peaceful surroundings and affordable living options.

Despite being a small town, the housing market remains competitive, particularly for well-maintained properties. Buyers are finding value in Stanford’s homes compared to urban areas, leading to an increase in interest and slight price appreciation.

Rent Prices In Stanford, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Stanford, IL, is on a rollercoaster ride. The average rent price in Stanford, IL, is $1,481.00. Indeed, when looking to rent in Stanford, IL, you can expect to pay as little as $800.00 or as much as $2,440.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Stanford, 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.