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Rent To Own Homes in Washington, IL

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Living in Washington, IL

Washington, Illinois, a delightful suburb of Peoria, offers residents a small-town feel with plenty of amenities. The area is known for its strong community spirit, quality schools, and attractive parks. Whether you are looking for outdoor activities or a friendly neighborhood, Washington has something for everyone.

Current Market Conditions in Washington, IL

The Washington real estate market is currently showing steady growth, with home prices seeing a modest increase over the last year. This trend is driven by a demand for family-friendly communities and a stable job market in the nearby Peoria area, which also attracts homebuyers looking to settle in a quieter space while remaining close to urban conveniences.

In the past month, the real estate market in Washington has remained active, with new listings coming onto the market quickly. Buyers are particularly interested in homes with larger yards and space for home offices, as more people embrace remote work opportunities.

Home Value Estimator For Washington, IL

There are currently 9,794 real estate properties in Washington, IL, with a median automated valuation model (AVM) price of $212,184.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Washington, 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 Washington, IL, is $256,834.00, with the most expensive house in Washington, IL, topping out at $8,109,895.00 and the cheapest home in Washington, IL, clocking in at $10,515.00. In other words, there’s something for every potential homebuyer or savvy investor in Washington, IL!

Rent Prices In Washington, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Washington, IL, is on a rollercoaster ride. The average rent price in Washington, IL, is $1,462.00. Indeed, when looking to rent in Washington, IL, you can expect to pay as little as $690.00 or as much as $2,960.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Washington, 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.

Washington, IL Rent To Own Homes

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