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Foreclosure Homes in Bismarck, IL

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Prairie-dr-Bismarck-IL-61814
Bankruptcy
$88,910 EMV

Prairie Dr
Bismarck, IL 61814

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Home Value Estimator For Bismarck, IL

There are currently 81 real estate properties in Bismarck, IL, with a median automated valuation model (AVM) price of $144,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bismarck, 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 Bismarck, IL, is $142,720.00, with the most expensive house in Bismarck, IL, topping out at $258,700.00 and the cheapest home in Bismarck, IL, clocking in at $61,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Bismarck, IL!


Rent Prices In Bismarck, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bismarck, IL, is on a rollercoaster ride. The average rent price in Bismarck, IL, is $1,334.00. Indeed, when looking to rent in Bismarck, IL, you can expect to pay as little as $970.00 or as much as $1,730.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Bismarck, 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 Bismarck, IL

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


Top Reasons To Live In Bismarck, IL In 2021

Bismarck is located in Vermilion, Illinois, with an estimated municipal population of 530 residents. All of the best foreclosed homes for sale in Bismarck are located in the following zip code areas on Foreclosure.com: 61814. The estimated population per square kilometer (.62 miles) in Bismarck is 275.


Cost Of Living In Bismarck, IL

So, about how much do homes cost in Bismarck? The most recent median value of resident-owned homes in Bismarck is 96,902. An estimated 88.4 percent of households in Bismarck own their homes, with an average family size of 2.99. The median household income in Bismarck is 65,625, with19.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bismarck, the median commute time of resident workers (in minutes) is 25.4. And last, but certainly not least, are you looking for homes to rent in Bismarck? If so, the average rent price paid by renters in Bismarck is 750, according to recent statistics.


Diversity And Demographics In Bismarck, 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 Bismarck, 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 Bismarck is 43.3, split between 39.9 percent male versus 60.1 female. The percentage of residents who report being married in Bismarck is 60.2, with an average family size of 2.99.

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

White 95.5%
Black / African American 0%
Asian 1.6%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 2.3%

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

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

Under 10 13.9%
Aged 10-19 14.4%
20s 9.6%
30s 8%
40s 12.5%
50s 20.1%
60s 7.9%
70s 9.6%
80+ 3.9%

Best Schools In Bismarck, 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 Bismarck with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bismarck.


Pros And Cons Of Living In Bismarck, Illinois

How do you know that living in -- or moving to -- Bismarck is right where you need to be? Perhaps you grew up in Bismarck or already live nearby; therefore, the decision to buy a home in Bismarck is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bismarck 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 Bismarck:

  • 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 Bismarck.


Reasons To Move To Bismarck, Illinois, In 2021

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

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