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Foreclosures in Cerro Gordo, IL

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View this home at S Washington St Cerro Gordo IL 61818
Preforeclosure
$164,026 EMV

| 0 Sq. Ft.

View this home at N 200 East Rd Cerro Gordo IL 61818
Bankruptcy
$177,199 EMV
View this home at S Jefferson Cerro Gordo IL 61818
Bankruptcy
$90,890 EMV
View this home at Oakley Rd Cerro Gordo IL 61818
Bankruptcy
$110,501 EMV
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Home Value Estimator For Cerro Gordo, IL

There are currently 605 real estate properties in Cerro Gordo, IL, with a median automated valuation model (AVM) price of $121,621.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cerro Gordo, 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 Cerro Gordo, IL, is $131,181.00, with the most expensive house in Cerro Gordo, IL, topping out at $737,265.00 and the cheapest home in Cerro Gordo, IL, clocking in at $12,870.00. In other words, there’s something for every potential homebuyer or savvy investor in Cerro Gordo, IL!


Rent Prices In Cerro Gordo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cerro Gordo, IL, is on a rollercoaster ride. The average rent price in Cerro Gordo, IL, is $1,033.00. Indeed, when looking to rent in Cerro Gordo, IL, you can expect to pay as little as $570.00 or as much as $2,030.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Cerro Gordo, 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 Cerro Gordo, IL In 2024

Cerro Gordo is located in Piatt, Illinois, with an estimated municipal population of 1,347 residents. All of the best foreclosed homes for sale in Cerro Gordo are located in the following zip code areas on Foreclosure.com: 61818. The estimated population per square kilometer (.62 miles) in Cerro Gordo is 701.


Cost Of Living In Cerro Gordo, IL

So, about how much do homes cost in Cerro Gordo? The most recent median value of resident-owned homes in Cerro Gordo is 92,173. An estimated 82.4 percent of households in Cerro Gordo own their homes, with an average family size of 3.12. The median household income in Cerro Gordo is 55,089, with20.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cerro Gordo, the median commute time of resident workers (in minutes) is 21.9. And last, but certainly not least, are you looking for homes to rent in Cerro Gordo? If so, the average rent price paid by renters in Cerro Gordo is 650, according to recent statistics.


Diversity And Demographics In Cerro Gordo, 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 Cerro Gordo, 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 Cerro Gordo is 34.6, split between 46.2 percent male versus 53.8 female. The percentage of residents who report being married in Cerro Gordo is 53.3, with an average family size of 3.12.

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

White 98.4%
Black / African American 0.1%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 0%

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

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

Under 10 18.3%
Aged 10-19 12%
20s 15%
30s 11.2%
40s 8.4%
50s 13.6%
60s 10.2%
70s 6.8%
80+ 4.6%

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


Pros And Cons Of Living In Cerro Gordo, Illinois

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

  • 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 Cerro Gordo.


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

Cerro Gordo, IL Foreclosures


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