Ferris is located in Hancock, Illinois, with an estimated municipal population of 143 residents. All of the best foreclosed homes for sale in Ferris are located in the following zip code areas on Foreclosure.com: 62321 62336. The estimated population per square kilometer (.62 miles) in Ferris is 28.
So, about how much do homes cost in Ferris? The most recent median value of resident-owned homes in Ferris is 69,820. An estimated 87.7 percent of households in Ferris own their homes, with an average family size of 2.82. The median household income in Ferris is 47,188, with17.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ferris, the median commute time of resident workers (in minutes) is 24.
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 Ferris, 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 Ferris is 57, split between 60 percent male versus 40 female. The percentage of residents who report being married in Ferris is 55.6, with an average family size of 2.82.
The percentage of residents who report their race in Ferris is as follows:
| White | 99.3% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.7% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Ferris? Or maybe you are searching for 55+ active adult communities in and/or near Ferris?
The percentage of residents who report their age in Ferris is as follows:
| Under 10 | 10% |
| Aged 10-19 | 0% |
| 20s | 3.3% |
| 30s | 12% |
| 40s | 10.7% |
| 50s | 18% |
| 60s | 19.4% |
| 70s | 11.3% |
| 80+ | 15.4% |
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 Ferris with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ferris.
How do you know that living in -- or moving to -- Ferris is right where you need to be? Perhaps you grew up in Ferris or already live nearby; therefore, the decision to buy a home in Ferris is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ferris 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 Ferris:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ferris.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ferris can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ferris, meanwhile, can field multiple offers from more qualified buyers.
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