Foreclosure Homes in Elkville, IL

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Elkville, IL Foreclosures

How much do homes sell for in Elkville, IL?
The average home price is currently $86,023.
In Elkville, IL, how many homes are available?
There are currently 454 active home listings available in Elkville.
What’s the average rental cost in Elkville, IL?
The average rental price in Elkville is $926.
What is the most expensive home in Elkville, Illinois?
The most expensive home sold in Elkville had a price of $415,700.
What is currently the cheapest priced home in Elkville, IL?
The cheapest home for sale in Elkville is priced at $12,070.

Home Value Estimator For Elkville, IL

There are currently 454 real estate properties in Elkville, IL, with a median automated valuation model (AVM) price of $67,540.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elkville, 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 Elkville, IL, is $86,023.00, with the most expensive house in Elkville, IL, topping out at $415,700.00 and the cheapest home in Elkville, IL, clocking in at $12,070.00. In other words, there’s something for every potential homebuyer or savvy investor in Elkville, IL!

Rent Prices In Elkville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elkville, IL, is on a rollercoaster ride. The average rent price in Elkville, IL, is $926.00. Indeed, when looking to rent in Elkville, IL, you can expect to pay as little as $550.00 or as much as $1,820.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Elkville, 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 Elkville, IL In 2024

Elkville is located in Jackson, Illinois, with an estimated municipal population of 863 residents. All of the best foreclosed homes for sale in Elkville are located in the following zip code areas on 62932. The estimated population per square kilometer (.62 miles) in Elkville is 436.

Cost Of Living In Elkville, IL

So, about how much do homes cost in Elkville? The most recent median value of resident-owned homes in Elkville is 59,759. An estimated 62 percent of households in Elkville own their homes, with an average family size of 3.31. The median household income in Elkville is 39,041, with5.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elkville, the median commute time of resident workers (in minutes) is 23.1. And last, but certainly not least, are you looking for homes to rent in Elkville? If so, the average rent price paid by renters in Elkville is 575, according to recent statistics.

Diversity And Demographics In Elkville, 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 Elkville, 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 Elkville is 35, split between 48.3 percent male versus 51.7 female. The percentage of residents who report being married in Elkville is 46.1, with an average family size of 3.31.

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

White 93.2%
Black / African American 1.4%
Asian 0.5%
American Indian / Alaskan Native 0.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.8%
Other 2.2%

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

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

Under 10 17.1%
Aged 10-19 9.2%
20s 18.7%
30s 8.2%
40s 9.1%
50s 11.4%
60s 16%
70s 8.1%
80+ 2.3%

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

Pros And Cons Of Living In Elkville, Illinois

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

  • 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 Elkville.

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

Elkville, IL Foreclosures


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