Living in Sumner, IL
Sumner, IL is a quaint small town that offers a tranquil rural lifestyle with a supportive community ambiance. It provides ample outdoor recreational activities and is home to several schools, making it an ideal location for families and retirees. With a welcoming atmosphere and scenic landscapes, real estate opportunities in Sumner are on the rise.
Current Market Conditions in Sumner, IL
The real estate market in Sumner is currently stable, with a good balance between supply and demand. Home prices have seen a moderate increase, making it a favorable environment for both buyers and investors. Opportunities for affordable housing are still prevalent, making it an attractive option for those looking to invest in real estate in Illinois.
Investment in Sumner is appealing, particularly for those looking to enter markets with potential growth. The combination of rural charm, low crime rates, and affordability makes it a competitive choice among other emerging markets in the region.
Home Value Estimator For Sumner, IL
There are currently 686 real estate properties
in Sumner, IL,
with a median automated valuation model (AVM) price
of $88,814.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sumner, 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 Sumner, IL,
is $107,830.00, with the most expensive house
in Sumner, IL, topping out
at $511,049.00 and the cheapest home
in Sumner, IL,
clocking in at $16,494.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sumner, IL!
Rent Prices
In Sumner, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sumner, IL, is on
a rollercoaster ride. The
average rent price in Sumner, IL,
is $921.00. Indeed, when looking to rent in
Sumner, IL, you can expect to pay as little
as $470.00 or as much
as $2,100.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Sumner, 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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