Foreclosure Homes in Gibson City, IL

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Gibson City, IL Foreclosures

How much do homes sell for in Gibson City, IL?
The average home price is currently $175,514.
In Gibson City, IL, how many homes are available?
There are currently 1,720 active home listings available in Gibson City.
What’s the average rental cost in Gibson City, IL?
The average rental price in Gibson City is $1,205.
What is the most expensive home in Gibson City, Illinois?
The most expensive home sold in Gibson City had a price of $1,225,000.
What is currently the cheapest priced home in Gibson City, IL?
The cheapest home for sale in Gibson City is priced at $19,270.

Home Value Estimator For Gibson City, IL

There are currently 1,720 real estate properties in Gibson City, IL, with a median automated valuation model (AVM) price of $149,261.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gibson 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 Gibson City, IL, is $175,514.00, with the most expensive house in Gibson City, IL, topping out at $1,225,000.00 and the cheapest home in Gibson City, IL, clocking in at $19,270.00. In other words, there’s something for every potential homebuyer or savvy investor in Gibson City, IL!

Rent Prices In Gibson City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gibson City, IL, is on a rollercoaster ride. The average rent price in Gibson City, IL, is $1,205.00. Indeed, when looking to rent in Gibson City, IL, you can expect to pay as little as $510.00 or as much as $3,220.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Gibson 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 Gibson City, IL In 2024

Gibson City is located in Ford, Illinois, with an estimated municipal population of 3,233 residents. All of the best foreclosed homes for sale in Gibson City are located in the following zip code areas on 60936. The estimated population per square kilometer (.62 miles) in Gibson City is 537.

Cost Of Living In Gibson City, IL

So, about how much do homes cost in Gibson City? The most recent median value of resident-owned homes in Gibson City is 101,557. An estimated 63.7 percent of households in Gibson City own their homes, with an average family size of 3.05. The median household income in Gibson City is 44,973, with22.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gibson City, the median commute time of resident workers (in minutes) is 23.2. And last, but certainly not least, are you looking for homes to rent in Gibson City? If so, the average rent price paid by renters in Gibson City is 650, according to recent statistics.

Diversity And Demographics In Gibson 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 Gibson 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 Gibson City is 40.5, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Gibson City is 52.8, with an average family size of 3.05.

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

White 97.4%
Black / African American 1%
Asian 0%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.1%
Other 0%

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

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

Under 10 13.9%
Aged 10-19 12.8%
20s 11.6%
30s 10.2%
40s 14.2%
50s 12.1%
60s 9.5%
70s 9.1%
80+ 6.6%

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

Pros And Cons Of Living In Gibson City, Illinois

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

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

Gibson City, IL Foreclosures


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