There are currently 4,448 real estate properties in Beach Park, IL, with a median automated valuation model (AVM) price of $244,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Beach Park, 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 Beach Park, IL, is $255,885.00, with the most expensive house in Beach Park, IL, topping out at $1,468,400.00 and the cheapest home in Beach Park, IL, clocking in at $50,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Beach Park, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Beach Park, IL, is on a rollercoaster ride. The average rent price in Beach Park, IL, is $1,560.00. Indeed, when looking to rent in Beach Park, IL, you can expect to pay as little as $850.00 or as much as $2,750.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Beach Park, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Beach Park, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Beach Park, IL and much more. Save thousands at closing with home foreclosure listings in Beach Park, IL — up to 75% off market value!
Beach Park is located in Lake, Illinois, with an estimated municipal population of 13,701 residents. All of the best foreclosed homes for sale in Beach Park are located in the following zip code areas on Foreclosure.com: 60099 60083 60087. The estimated population per square kilometer (.62 miles) in Beach Park is 748.
So, about how much do homes cost in Beach Park? The most recent median value of resident-owned homes in Beach Park is 146,504. An estimated 83.7 percent of households in Beach Park own their homes, with an average family size of 3.33. The median household income in Beach Park is 71,867, with29.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Beach Park, the median commute time of resident workers (in minutes) is 29.4. And last, but certainly not least, are you looking for homes to rent in Beach Park? If so, the average rent price paid by renters in Beach Park is 1,482, according to recent statistics.
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 Beach Park, 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 Beach Park is 37.4, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Beach Park is 63.2, with an average family size of 3.33.
The percentage of residents who report their race in Beach Park is as follows:
| White | 66.5% |
| Black / African American | 11.3% |
| Asian | 4.3% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 4.3% |
| Other | 13.4% |
Looking for family-friendly neighborhoods in and/or near Beach Park? Or maybe you are searching for 55+ active adult communities in and/or near Beach Park?
The percentage of residents who report their age in Beach Park is as follows:
| Under 10 | 15.3% |
| Aged 10-19 | 15.1% |
| 20s | 11.1% |
| 30s | 12.2% |
| 40s | 13.1% |
| 50s | 14.2% |
| 60s | 12.3% |
| 70s | 4.7% |
| 80+ | 2.1% |
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 Beach Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Beach Park.
How do you know that living in -- or moving to -- Beach Park is right where you need to be? Perhaps you grew up in Beach Park or already live nearby; therefore, the decision to buy a home in Beach Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Beach Park 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 Beach Park:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Beach Park.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Beach Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Beach Park, meanwhile, can field multiple offers from more qualified buyers.
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