There are currently 11,795 real estate properties in Carol Stream, IL, with a median automated valuation model (AVM) price of $335,637.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Carol Stream, 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 Carol Stream, IL, is $349,324.00, with the most expensive house in Carol Stream, IL, topping out at $49,094,800.00 and the cheapest home in Carol Stream, IL, clocking in at $28,666.00. In other words, there’s something for every potential homebuyer or savvy investor in Carol Stream, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Carol Stream, IL, is on a rollercoaster ride. The average rent price in Carol Stream, IL, is $1,833.00. Indeed, when looking to rent in Carol Stream, IL, you can expect to pay as little as $760.00 or as much as $3,840.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Carol Stream, 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.
Carol Stream is located in DuPage, Illinois, with an estimated municipal population of 39,203 residents. All of the best foreclosed homes for sale in Carol Stream are located in the following zip code areas on Foreclosure.com: 60188 60116 60128 60197 60199. The estimated population per square kilometer (.62 miles) in Carol Stream is 1,661.
So, about how much do homes cost in Carol Stream? The most recent median value of resident-owned homes in Carol Stream is 247,742. An estimated 67.6 percent of households in Carol Stream own their homes, with an average family size of 3.34. The median household income in Carol Stream is 82,062, with40.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Carol Stream, the median commute time of resident workers (in minutes) is 29.2. And last, but certainly not least, are you looking for homes to rent in Carol Stream? If so, the average rent price paid by renters in Carol Stream is 1,192, 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 Carol Stream, 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 Carol Stream is 38.4, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Carol Stream is 54.1, with an average family size of 3.34.
The percentage of residents who report their race in Carol Stream is as follows:
| White | 66.9% |
| Black / African American | 6.9% |
| Asian | 19.1% |
| American Indian / Alaskan Native | 0.7% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.7% |
| Other | 4.7% |
Looking for family-friendly neighborhoods in and/or near Carol Stream? Or maybe you are searching for 55+ active adult communities in and/or near Carol Stream?
The percentage of residents who report their age in Carol Stream is as follows:
| Under 10 | 12.5% |
| Aged 10-19 | 12.2% |
| 20s | 13.9% |
| 30s | 13.5% |
| 40s | 13% |
| 50s | 15.1% |
| 60s | 11.7% |
| 70s | 4.8% |
| 80+ | 3.2% |
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 Carol Stream with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Carol Stream.
How do you know that living in -- or moving to -- Carol Stream is right where you need to be? Perhaps you grew up in Carol Stream or already live nearby; therefore, the decision to buy a home in Carol Stream is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Carol Stream 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 Carol Stream:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Carol Stream.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Carol Stream can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Carol Stream, meanwhile, can field multiple offers from more qualified buyers.
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