Bankruptcy Homes in Aledo, IL

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View this home at 100th Ave Aledo IL 61231
$209,379 EMV
View this home at Sw 4th St Aledo IL 61231
$115,899 EMV
View this home at Nw 4th Ave, Apt 3 Aledo IL 61231
View this home at Sw 6th St Aledo IL 61231
$100,984 EMV
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Home Value Estimator For Aledo, IL

There are currently 32 real estate properties in Aledo, IL, with a median automated valuation model (AVM) price of $144,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Aledo, 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 Aledo, IL, is $158,250.00, with the most expensive house in Aledo, IL, topping out at $282,900.00 and the cheapest home in Aledo, IL, clocking in at $49,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Aledo, IL!

Rent Prices In Aledo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Aledo, IL, is on a rollercoaster ride. The average rent price in Aledo, IL, is $1,138.00. Indeed, when looking to rent in Aledo, IL, you can expect to pay as little as $780.00 or as much as $1,770.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Aledo, 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.

Foreclosure Homes in Aledo, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Aledo, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Aledo, IL and much more. Save thousands at closing with home foreclosure listings in Aledo, IL — up to 75% off market value!

Top Reasons To Live In Aledo, IL In 2023

Aledo is located in Mercer, Illinois, with an estimated municipal population of 3,432 residents. All of the best foreclosed homes for sale in Aledo are located in the following zip code areas on 61231. The estimated population per square kilometer (.62 miles) in Aledo is 588.

Cost Of Living In Aledo, IL

So, about how much do homes cost in Aledo? The most recent median value of resident-owned homes in Aledo is 103,697. An estimated 63.9 percent of households in Aledo own their homes, with an average family size of 2.84. The median household income in Aledo is 50,482, with20.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Aledo, the median commute time of resident workers (in minutes) is 19.7. And last, but certainly not least, are you looking for homes to rent in Aledo? If so, the average rent price paid by renters in Aledo is 621, according to recent statistics.

Diversity And Demographics In Aledo, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Aledo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Aledo is 47.3, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Aledo is 51.3, with an average family size of 2.84.

The percentage of residents who report their race in Aledo is as follows:

White 96.1%
Black / African American 1.9%
Asian 1.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.8%
Other 0%

Looking for family-friendly neighborhoods in and/or near Aledo? Or maybe you are searching for 55+ active adult communities in and/or near Aledo?

The percentage of residents who report their age in Aledo is as follows:

Under 10 10.3%
Aged 10-19 10.5%
20s 11.8%
30s 9%
40s 11.6%
50s 13.5%
60s 14.2%
70s 9.5%
80+ 9.9%

Best Schools In Aledo, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Aledo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Aledo.

Pros And Cons Of Living In Aledo, Illinois

How do you know that living in -- or moving to -- Aledo is right where you need to be? Perhaps you grew up in Aledo or already live nearby; therefore, the decision to buy a home in Aledo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Aledo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Aledo:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Aledo.

Reasons To Move To Aledo, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Aledo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Aledo, meanwhile, can field multiple offers from more qualified buyers.

Aledo, IL Bankruptcy Homes


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