Foreclosures in Godfrey, IL

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Home Value Estimator For Godfrey, IL

There are currently 6,233 real estate properties in Godfrey, IL, with a median automated valuation model (AVM) price of $181,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Godfrey, 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 Godfrey, IL, is $207,015.00, with the most expensive house in Godfrey, IL, topping out at $2,130,300.00 and the cheapest home in Godfrey, IL, clocking in at $17,584.00. In other words, there’s something for every potential homebuyer or savvy investor in Godfrey, IL!

Rent Prices In Godfrey, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Godfrey, IL, is on a rollercoaster ride. The average rent price in Godfrey, IL, is $1,254.00. Indeed, when looking to rent in Godfrey, IL, you can expect to pay as little as $540.00 or as much as $2,860.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Godfrey, 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 Godfrey, IL In 2024

Godfrey is located in Madison, Illinois, with an estimated municipal population of 17,400 residents. All of the best foreclosed homes for sale in Godfrey are located in the following zip code areas on 62035. The estimated population per square kilometer (.62 miles) in Godfrey is 195.

Cost Of Living In Godfrey, IL

So, about how much do homes cost in Godfrey? The most recent median value of resident-owned homes in Godfrey is 149,221. An estimated 81 percent of households in Godfrey own their homes, with an average family size of 2.78. The median household income in Godfrey is 73,238, with33.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Godfrey, the median commute time of resident workers (in minutes) is 25.9. And last, but certainly not least, are you looking for homes to rent in Godfrey? If so, the average rent price paid by renters in Godfrey is 951, according to recent statistics.

Diversity And Demographics In Godfrey, 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 Godfrey, 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 Godfrey is 48.7, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Godfrey is 57.6, with an average family size of 2.78.

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

White 93.6%
Black / African American 4.3%
Asian 0.7%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 0.9%
Other 0.4%

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

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

Under 10 10.8%
Aged 10-19 8.7%
20s 9.7%
30s 10.3%
40s 12.3%
50s 15.1%
60s 15.5%
70s 9.9%
80+ 7.6%

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

Pros And Cons Of Living In Godfrey, Illinois

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

  • 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 Godfrey.

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

Godfrey, IL Foreclosures


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