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Foreclosure Homes in Ellis Grove, IL

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Home Value Estimator For Ellis Grove, IL

There are currently 5 real estate properties in Ellis Grove, IL, with a median automated valuation model (AVM) price of $97,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ellis Grove, 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 Ellis Grove, IL, is $96,220.00, with the most expensive house in Ellis Grove, IL, topping out at $103,300.00 and the cheapest home in Ellis Grove, IL, clocking in at $87,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Ellis Grove, IL!


Rent Prices In Ellis Grove, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ellis Grove, IL, is on a rollercoaster ride. The average rent price in Ellis Grove, IL, is $1,140.00. Indeed, when looking to rent in Ellis Grove, IL, you can expect to pay as little as $1,040.00 or as much as $1,260.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Ellis Grove, 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 Ellis Grove, IL

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


Top Reasons To Live In Ellis Grove, IL In 2022

Ellis Grove is located in Randolph, Illinois, with an estimated municipal population of 348 residents. All of the best foreclosed homes for sale in Ellis Grove are located in the following zip code areas on Foreclosure.com: 62241. The estimated population per square kilometer (.62 miles) in Ellis Grove is 273.


Cost Of Living In Ellis Grove, IL

So, about how much do homes cost in Ellis Grove? The most recent median value of resident-owned homes in Ellis Grove is 77,244. An estimated 70.2 percent of households in Ellis Grove own their homes, with an average family size of 2.75. The median household income in Ellis Grove is 41,250, with10.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ellis Grove, the median commute time of resident workers (in minutes) is 22.1. And last, but certainly not least, are you looking for homes to rent in Ellis Grove? If so, the average rent price paid by renters in Ellis Grove is 683, according to recent statistics.


Diversity And Demographics In Ellis Grove, 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 Ellis Grove, 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 Ellis Grove is 48.4, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Ellis Grove is 52.8, with an average family size of 2.75.

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

White 99.6%
Black / African American 0.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 9.8%
Aged 10-19 13.5%
20s 10.6%
30s 9.4%
40s 8.2%
50s 19.6%
60s 16.4%
70s 5.8%
80+ 6.9%

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


Pros And Cons Of Living In Ellis Grove, Illinois

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

  • 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 Ellis Grove.


Reasons To Move To Ellis Grove, Illinois, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ellis Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ellis Grove, meanwhile, can field multiple offers from more qualified buyers.

Ellis Grove, IL Foreclosures


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