Cheap Homes in Granite City, IL

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Granite City, IL Foreclosures

How much do homes sell for in Granite City, IL?
The average home price is currently $116,669.
In Granite City, IL, how many homes are available?
There are currently 15,106 active home listings available in Granite City.
What’s the average rental cost in Granite City, IL?
The average rental price in Granite City is $988.
What is the most expensive home in Granite City, Illinois?
The most expensive home sold in Granite City had a price of $20,000,000.
What is currently the cheapest priced home in Granite City, IL?
The cheapest home for sale in Granite City is priced at $12,651.

Home Value Estimator For Granite City, IL

There are currently 15,106 real estate properties in Granite City, IL, with a median automated valuation model (AVM) price of $107,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Granite 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 Granite City, IL, is $116,669.00, with the most expensive house in Granite City, IL, topping out at $20,000,000.00 and the cheapest home in Granite City, IL, clocking in at $12,651.00. In other words, there’s something for every potential homebuyer or savvy investor in Granite City, IL!

Rent Prices In Granite City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Granite City, IL, is on a rollercoaster ride. The average rent price in Granite City, IL, is $988.00. Indeed, when looking to rent in Granite City, IL, you can expect to pay as little as $540.00 or as much as $2,350.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Granite 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 Granite City, IL In 2024

Granite City is located in Madison, Illinois, with an estimated municipal population of 28,158 residents. All of the best foreclosed homes for sale in Granite City are located in the following zip code areas on 62048 62040. The estimated population per square kilometer (.62 miles) in Granite City is 564.

Cost Of Living In Granite City, IL

So, about how much do homes cost in Granite City? The most recent median value of resident-owned homes in Granite City is 82,930. An estimated 64.4 percent of households in Granite City own their homes, with an average family size of 2.93. The median household income in Granite City is 51,469, with16.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Granite City, the median commute time of resident workers (in minutes) is 23.1. And last, but certainly not least, are you looking for homes to rent in Granite City? If so, the average rent price paid by renters in Granite City is 728, according to recent statistics.

Diversity And Demographics In Granite 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 Granite 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 Granite City is 41.8, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Granite City is 45.2, with an average family size of 2.93.

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

White 84.7%
Black / African American 10.6%
Asian 0.6%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 1.3%

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

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

Under 10 11.3%
Aged 10-19 10.7%
20s 11.3%
30s 14.6%
40s 11.7%
50s 14.9%
60s 13.9%
70s 7.2%
80+ 4.3%

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

Pros And Cons Of Living In Granite City, Illinois

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

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

Cheap Homes in Granite City, IL


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