Foreclosure Homes in Calumet City, IL

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Calumet City, IL Foreclosures

How much do homes sell for in Calumet City, IL?
The average home price is currently $150,921.
In Calumet City, IL, how many homes are available?
There are currently 11,164 active home listings available in Calumet City.
What’s the average rental cost in Calumet City, IL?
The average rental price in Calumet City is $1,251.
What is the most expensive home in Calumet City, Illinois?
The most expensive home sold in Calumet City had a price of $2,629,300.
What is currently the cheapest priced home in Calumet City, IL?
The cheapest home for sale in Calumet City is priced at $20,062.

Home Value Estimator For Calumet City, IL

There are currently 11,164 real estate properties in Calumet City, IL, with a median automated valuation model (AVM) price of $146,327.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Calumet City, 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 Calumet City, IL, is $150,921.00, with the most expensive house in Calumet City, IL, topping out at $2,629,300.00 and the cheapest home in Calumet City, IL, clocking in at $20,062.00. In other words, there’s something for every potential homebuyer or savvy investor in Calumet City, IL!

Rent Prices In Calumet City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Calumet City, IL, is on a rollercoaster ride. The average rent price in Calumet City, IL, is $1,251.00. Indeed, when looking to rent in Calumet City, IL, you can expect to pay as little as $750.00 or as much as $2,520.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Calumet City, 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.

Top Reasons To Live In Calumet City, IL In 2024

Calumet City is located in Cook, Illinois, with an estimated municipal population of 35,913 residents. All of the best foreclosed homes for sale in Calumet City are located in the following zip code areas on 60409. The estimated population per square kilometer (.62 miles) in Calumet City is 1,930.

Cost Of Living In Calumet City, IL

So, about how much do homes cost in Calumet City? The most recent median value of resident-owned homes in Calumet City is 108,707. An estimated 54.5 percent of households in Calumet City own their homes, with an average family size of 3.46. The median household income in Calumet City is 44,456, with14.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Calumet City, the median commute time of resident workers (in minutes) is 37.7. And last, but certainly not least, are you looking for homes to rent in Calumet City? If so, the average rent price paid by renters in Calumet City is 967, according to recent statistics.

Diversity And Demographics In Calumet City, 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 Calumet City, 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 Calumet City is 37.1, split between 45.2 percent male versus 54.8 female. The percentage of residents who report being married in Calumet City is 28.6, with an average family size of 3.46.

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

White 22.8%
Black / African American 74.4%
Asian 0%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.5%
Other 1.8%

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

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

Under 10 11.6%
Aged 10-19 15.3%
20s 15.1%
30s 11.7%
40s 12.9%
50s 13.8%
60s 10.1%
70s 6%
80+ 3.6%

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

Pros And Cons Of Living In Calumet City, Illinois

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

  • 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 Calumet City.

Reasons To Move To Calumet City, Illinois, In 2024

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

Calumet City, IL Foreclosures


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