There are currently 72 real estate properties in Broadwell, IL, with a median automated valuation model (AVM) price of $53,562.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Broadwell, 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 Broadwell, IL, is $83,705.00, with the most expensive house in Broadwell, IL, topping out at $465,112.00 and the cheapest home in Broadwell, IL, clocking in at $17,010.00. In other words, there’s something for every potential homebuyer or savvy investor in Broadwell, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Broadwell, IL, is on a rollercoaster ride. The average rent price in Broadwell, IL, is $1,018.00. Indeed, when looking to rent in Broadwell, IL, you can expect to pay as little as $680.00 or as much as $1,800.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Broadwell, 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.
Broadwell is located in Logan, Illinois, with an estimated municipal population of 136 residents. All of the best foreclosed homes for sale in Broadwell are located in the following zip code areas on Foreclosure.com: 62634. The estimated population per square kilometer (.62 miles) in Broadwell is 292.
So, about how much do homes cost in Broadwell? The most recent median value of resident-owned homes in Broadwell is 59,952. An estimated 68.9 percent of households in Broadwell own their homes, with an average family size of 2.71. The median household income in Broadwell is 62,000, with20.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Broadwell, the median commute time of resident workers (in minutes) is 30.9. And last, but certainly not least, are you looking for homes to rent in Broadwell? If so, the average rent price paid by renters in Broadwell is 706, 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 Broadwell, 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 Broadwell is 45.4, split between 48 percent male versus 52 female. The percentage of residents who report being married in Broadwell is 54.5, with an average family size of 2.71.
The percentage of residents who report their race in Broadwell is as follows:
White | 97.7% |
Black / African American | 0% |
Asian | 0% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 2.3% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near Broadwell? Or maybe you are searching for 55+ active adult communities in and/or near Broadwell?
The percentage of residents who report their age in Broadwell is as follows:
Under 10 | 5.2% |
Aged 10-19 | 13.8% |
20s | 12% |
30s | 4.6% |
40s | 27.4% |
50s | 20% |
60s | 8% |
70s | 6.3% |
80+ | 2.9% |
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 Broadwell with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Broadwell.
How do you know that living in -- or moving to -- Broadwell is right where you need to be? Perhaps you grew up in Broadwell or already live nearby; therefore, the decision to buy a home in Broadwell is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Broadwell 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 Broadwell:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Broadwell.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Broadwell can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Broadwell, meanwhile, can field multiple offers from more qualified buyers.
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