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There are currently 331 real estate properties in Germantown Hills, IL, with a median automated valuation model (AVM) price of $237,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Germantown Hills, 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 Germantown Hills, IL, is $253,453.00, with the most expensive house in Germantown Hills, IL, topping out at $2,091,600.00 and the cheapest home in Germantown Hills, IL, clocking in at $80,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Germantown Hills, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Germantown Hills, IL, is on a rollercoaster ride. The average rent price in Germantown Hills, IL, is $1,733.00. Indeed, when looking to rent in Germantown Hills, IL, you can expect to pay as little as $1,070.00 or as much as $3,050.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Germantown Hills, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Germantown Hills, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Germantown Hills, IL and much more. Save thousands at closing with home foreclosure listings in Germantown Hills, IL — up to 75% off market value!
Germantown Hills is located in Woodford, Illinois, with an estimated municipal population of 3,423 residents. All of the best foreclosed homes for sale in Germantown Hills are located in the following zip code areas on Foreclosure.com: 61548. The estimated population per square kilometer (.62 miles) in Germantown Hills is 807.
So, about how much do homes cost in Germantown Hills? The most recent median value of resident-owned homes in Germantown Hills is 230,406. An estimated 91.3 percent of households in Germantown Hills own their homes, with an average family size of 3.24. The median household income in Germantown Hills is 112,750, with56.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Germantown Hills, the median commute time of resident workers (in minutes) is 20.3. And last, but certainly not least, are you looking for homes to rent in Germantown Hills? If so, the average rent price paid by renters in Germantown Hills is 889, according to recent statistics.
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 Germantown Hills, 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 Germantown Hills is 42.2, split between 54.1 percent male versus 45.9 female. The percentage of residents who report being married in Germantown Hills is 66.7, with an average family size of 3.24.
The percentage of residents who report their race in Germantown Hills is as follows:
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Looking for family-friendly neighborhoods in and/or near Germantown Hills? Or maybe you are searching for 55+ active adult communities in and/or near Germantown Hills?
The percentage of residents who report their age in Germantown Hills is as follows:
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 Germantown Hills with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Germantown Hills.
How do you know that living in -- or moving to -- Germantown Hills is right where you need to be? Perhaps you grew up in Germantown Hills or already live nearby; therefore, the decision to buy a home in Germantown Hills is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Germantown Hills 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 Germantown Hills:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Germantown Hills.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Germantown Hills can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Germantown Hills, meanwhile, can field multiple offers from more qualified buyers.