Foreclosure Homes in Calumet Park, IL

Home Value Estimator For Calumet Park, IL

There are currently 2,191 real estate properties in Calumet Park, IL, with a median automated valuation model (AVM) price of $156,600.00. 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 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 Calumet Park, IL, is $164,858.00, with the most expensive house in Calumet Park, IL, topping out at $1,142,100.00 and the cheapest home in Calumet Park, IL, clocking in at $39,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Calumet Park, IL!

Rent Prices In Calumet Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Calumet Park, IL, is on a rollercoaster ride. The average rent price in Calumet Park, IL, is $1,301.00. Indeed, when looking to rent in Calumet Park, IL, you can expect to pay as little as $1,030.00 or as much as $1,840.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Calumet 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.

Foreclosure Homes in Calumet Park, IL

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

Top Reasons To Live In Calumet Park, IL In 2023

Calumet Park is located in Cook, Illinois, with an estimated municipal population of 7,602 residents. All of the best foreclosed homes for sale in Calumet Park are located in the following zip code areas on Foreclosure.com: 60827. The estimated population per square kilometer (.62 miles) in Calumet Park is 2,638.

Cost Of Living In Calumet Park, IL

So, about how much do homes cost in Calumet Park? The most recent median value of resident-owned homes in Calumet Park is 102,935. An estimated 62 percent of households in Calumet Park own their homes, with an average family size of 3.44. The median household income in Calumet Park is 48,092, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Calumet Park, the median commute time of resident workers (in minutes) is 33.3. And last, but certainly not least, are you looking for homes to rent in Calumet Park? If so, the average rent price paid by renters in Calumet Park is 929, according to recent statistics.

Diversity And Demographics In Calumet Park, 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 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 Calumet Park is 42.8, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Calumet Park is 28.1, with an average family size of 3.44.

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

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

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

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

Pros And Cons Of Living In Calumet Park, Illinois

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

• 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 Park.

Reasons To Move To Calumet Park, 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 Calumet Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Calumet Park, meanwhile, can field multiple offers from more qualified buyers.