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Foreclosure Homes in Tallula, IL

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Tallula, IL Foreclosures

How much do homes sell for in Tallula, IL?
The average home price is currently $161,318.
In Tallula, IL, how many homes are available?
There are currently 1 active home listings available in Tallula.
What’s the average rental cost in Tallula, IL?
The average rental price in Tallula is $1,132.
What is the most expensive home in Tallula?
The most expensive home sold in Tallula had a price of $773,760.
What is currently the cheapest priced home in Tallula, IL?
The cheapest home for sale in Tallula is priced at $24,825.

Living in Tallula, IL

Tallula, IL is a quaint small town characterized by its friendly community and tranquil living environment. It features local amenities that cater to family needs and provides a perfect balance between rural charm and accessibility to nearby urban areas. Residents can enjoy outdoor activities while being part of a supportive educational system.

Current Market Conditions in Tallula, IL

The real estate market in Tallula is currently stable, with home prices showing a steady trend, making it an attractive location for investors looking for affordable housing options. The demand for housing in this area shows potential growth due to increased interest in rural living.

Investment opportunities are emerging as homeowners look for larger spaces and more land, especially post-pandemic when remote work became the norm. Properties here generally appreciate slower, providing a consistent return for upscale and low-cost investments alike.

Home Value Estimator For Tallula, IL

There are currently 236 real estate properties in Tallula, IL, with a median automated valuation model (AVM) price of $123,166.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tallula, 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 Tallula, IL, is $161,318.00, with the most expensive house in Tallula, IL, topping out at $773,760.00 and the cheapest home in Tallula, IL, clocking in at $24,825.00. In other words, there’s something for every potential homebuyer or savvy investor in Tallula, IL!

Rent Prices In Tallula, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tallula, IL, is on a rollercoaster ride. The average rent price in Tallula, IL, is $1,132.00. Indeed, when looking to rent in Tallula, IL, you can expect to pay as little as $900.00 or as much as $1,750.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Tallula, 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.

Tallula, IL Foreclosures


Market Trend for Tallula, IL

Total Listings Available: 1

Market Values:

Home Prices from $24,825 to $773,760

Average Sales Price: $161,318

Rental Values:

Rental from $900 to $1,750

Average Rent Value: $1,132 / month

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