Bankruptcy Homes in Good Hope, IL

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View this home at S Monmouth St Good Hope IL 61438
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Home Value Estimator For Good Hope, IL

There are currently 202 real estate properties in Good Hope, IL, with a median automated valuation model (AVM) price of $69,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Good Hope, 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 Good Hope, IL, is $79,411.00, with the most expensive house in Good Hope, IL, topping out at $259,600.00 and the cheapest home in Good Hope, IL, clocking in at $12,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Good Hope, IL!

Rent Prices In Good Hope, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Good Hope, IL, is on a rollercoaster ride. The average rent price in Good Hope, IL, is $1,023.00. Indeed, when looking to rent in Good Hope, IL, you can expect to pay as little as $540.00 or as much as $1,690.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Good Hope, 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.

Foreclosure Homes in Good Hope, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Good Hope, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Good Hope, IL and much more. Save thousands at closing with home foreclosure listings in Good Hope, IL — up to 75% off market value!

Top Reasons To Live In Good Hope, IL In 2023

Good Hope is located in McDonough, Illinois, with an estimated municipal population of 364 residents. All of the best foreclosed homes for sale in Good Hope are located in the following zip code areas on 61438. The estimated population per square kilometer (.62 miles) in Good Hope is 468.

Cost Of Living In Good Hope, IL

So, about how much do homes cost in Good Hope? The most recent median value of resident-owned homes in Good Hope is 75,915. An estimated 86.4 percent of households in Good Hope own their homes, with an average family size of 2.95. The median household income in Good Hope is 45,625, with16.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Good Hope, the median commute time of resident workers (in minutes) is 17.7. And last, but certainly not least, are you looking for homes to rent in Good Hope? If so, the average rent price paid by renters in Good Hope is 661, according to recent statistics.

Diversity And Demographics In Good Hope, 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 Good Hope, 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 Good Hope is 38.8, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Good Hope is 56.9, with an average family size of 2.95.

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

White 97.8%
Black / African American 0.5%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0%

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

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

Under 10 16.9%
Aged 10-19 10.3%
20s 11.8%
30s 13.5%
40s 7.3%
50s 15.6%
60s 10.7%
70s 7.6%
80+ 6.3%

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

Pros And Cons Of Living In Good Hope, Illinois

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

  • 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 Good Hope.

Reasons To Move To Good Hope, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Good Hope can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Good Hope, meanwhile, can field multiple offers from more qualified buyers.

Good Hope, IL Bankruptcy Homes


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