There are currently 46 real estate properties in Gillespie, IL, with a median automated valuation model (AVM) price of $88,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gillespie, 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 Gillespie, IL, is $123,559.00, with the most expensive house in Gillespie, IL, topping out at $365,600.00 and the cheapest home in Gillespie, IL, clocking in at $29,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Gillespie, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gillespie, IL, is on a rollercoaster ride. The average rent price in Gillespie, IL, is $1,039.00. Indeed, when looking to rent in Gillespie, IL, you can expect to pay as little as $670.00 or as much as $1,680.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Gillespie, 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 Gillespie, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Gillespie, IL and much more. Save thousands at closing with home foreclosure listings in Gillespie, IL — up to 75% off market value!
Gillespie is located in Macoupin, Illinois, with an estimated municipal population of 3,088 residents. All of the best foreclosed homes for sale in Gillespie are located in the following zip code areas on Foreclosure.com: 62033. The estimated population per square kilometer (.62 miles) in Gillespie is 803.
So, about how much do homes cost in Gillespie? The most recent median value of resident-owned homes in Gillespie is 82,757. An estimated 71.4 percent of households in Gillespie own their homes, with an average family size of 2.79. The median household income in Gillespie is 41,624, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gillespie, the median commute time of resident workers (in minutes) is 23.5. And last, but certainly not least, are you looking for homes to rent in Gillespie? If so, the average rent price paid by renters in Gillespie is 651, 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 Gillespie, 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 Gillespie is 41.8, split between 46.8 percent male versus 53.2 female. The percentage of residents who report being married in Gillespie is 54, with an average family size of 2.79.
The percentage of residents who report their race in Gillespie is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Gillespie? Or maybe you are searching for 55+ active adult communities in and/or near Gillespie?
The percentage of residents who report their age in Gillespie 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 Gillespie with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gillespie.
How do you know that living in -- or moving to -- Gillespie is right where you need to be? Perhaps you grew up in Gillespie or already live nearby; therefore, the decision to buy a home in Gillespie is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gillespie 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 Gillespie:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gillespie.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gillespie can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gillespie, meanwhile, can field multiple offers from more qualified buyers.
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