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Rent To Own Homes in Waterloo, IL

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Waterloo, IL Foreclosures

How much do homes sell for in Waterloo, IL?
The average home price is currently $338,442.
In Waterloo, IL, how many homes are available?
There are currently 16 active home listings available in Waterloo.
What’s the average rental cost in Waterloo, IL?
The average rental price in Waterloo is $1,331.
What is the most expensive home in Waterloo?
The most expensive home sold in Waterloo had a price of $14,823,239.
What is currently the cheapest priced home in Waterloo, IL?
The cheapest home for sale in Waterloo is priced at $12,606.

Living in Waterloo, IL

Waterloo, IL is a picturesque city known for its small-town feel and vibrant community. It features a variety of parks, excellent schools, and local amenities that make it appealing for families and individuals. Just a short drive from St. Louis, it combines the tranquility of suburban life with convenient access to city living.

Current Market Conditions in Waterloo, IL

The real estate market in Waterloo is showing signs of growth, with a steady increase in home values over the past year. The demand for single-family homes has risen, leading to a competitive market where buyers are often faced with multiple offers on desirable properties. It's an ideal time for sellers to list their homes due to favorable market conditions.

Current trends indicate that buyers are looking for homes with larger living spaces and outdoor areas, reflecting a growing preference for suburban living in the wake of the pandemic. The average days on market have decreased, suggesting that a variety of homes are quickly being snapped up.

Home Value Estimator For Waterloo, IL

There are currently 6,970 real estate properties in Waterloo, IL, with a median automated valuation model (AVM) price of $315,822.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Waterloo, 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 Waterloo, IL, is $338,442.00, with the most expensive house in Waterloo, IL, topping out at $14,823,239.00 and the cheapest home in Waterloo, IL, clocking in at $12,606.00. In other words, there’s something for every potential homebuyer or savvy investor in Waterloo, IL!

Rent Prices In Waterloo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waterloo, IL, is on a rollercoaster ride. The average rent price in Waterloo, IL, is $1,331.00. Indeed, when looking to rent in Waterloo, IL, you can expect to pay as little as $580.00 or as much as $2,560.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Waterloo, 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.

Waterloo, IL Rent To Own Homes

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