Foreclosure Homes in Coal City, IL

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5 View this home at S Vermillion St Coal City IL 60416
$160,786 EMV
S Vermillion St
Coal City, IL 60416
EST. RENT: $1,251
AUCTION: 05-29-2024
10 View this home at W Gordon St Coal City IL 60416
$208,190 EMV
W Gordon St
Coal City, IL 60416
3 |
EST. RENT: $1,291
AUCTION: 06-05-2024
3 |
View this home at W Maple St Coal City IL 60416
$277,056 EMV
W Maple St
Coal City, IL 60416
3 |
AUCTION: 06-12-2024
3 |
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Coal City, IL Foreclosures

How much do homes sell for in Coal City, IL?
The average home price is currently $279,273.
In Coal City, IL, how many homes are available?
There are currently 2,405 active home listings available in Coal City.
What’s the average rental cost in Coal City, IL?
The average rental price in Coal City is $1,324.
What is the most expensive home in Coal City, Illinois?
The most expensive home sold in Coal City had a price of $2,522,405.
What is currently the cheapest priced home in Coal City, IL?
The cheapest home for sale in Coal City is priced at $32,574.

Home Value Estimator For Coal City, IL

There are currently 2,405 real estate properties in Coal City, IL, with a median automated valuation model (AVM) price of $228,779.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Coal 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 Coal City, IL, is $279,273.00, with the most expensive house in Coal City, IL, topping out at $2,522,405.00 and the cheapest home in Coal City, IL, clocking in at $32,574.00. In other words, there’s something for every potential homebuyer or savvy investor in Coal City, IL!

Rent Prices In Coal City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Coal City, IL, is on a rollercoaster ride. The average rent price in Coal City, IL, is $1,324.00. Indeed, when looking to rent in Coal City, IL, you can expect to pay as little as $740.00 or as much as $3,060.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Coal 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 Coal City, IL In 2024

Coal City is located in Grundy, Illinois, with an estimated municipal population of 5,409 residents. All of the best foreclosed homes for sale in Coal City are located in the following zip code areas on 60407 60416. The estimated population per square kilometer (.62 miles) in Coal City is 373.

Cost Of Living In Coal City, IL

So, about how much do homes cost in Coal City? The most recent median value of resident-owned homes in Coal City is 196,434. An estimated 73.3 percent of households in Coal City own their homes, with an average family size of 3.01. The median household income in Coal City is 74,755, with38.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Coal City, the median commute time of resident workers (in minutes) is 29.1. And last, but certainly not least, are you looking for homes to rent in Coal City? If so, the average rent price paid by renters in Coal City is 1,006, according to recent statistics.

Diversity And Demographics In Coal 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 Coal 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 Coal City is 35.9, split between 51.3 percent male versus 48.7 female. The percentage of residents who report being married in Coal City is 58.5, with an average family size of 3.01.

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

White 96.2%
Black / African American 1.1%
Asian 0.4%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0%

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

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

Under 10 14.1%
Aged 10-19 14.1%
20s 11.3%
30s 17.1%
40s 15.6%
50s 11.4%
60s 8.8%
70s 5.5%
80+ 2.2%

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

Pros And Cons Of Living In Coal City, Illinois

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

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

Coal City, IL Foreclosures


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