Foreclosure Homes in Hamburg, IL

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View this home at 2 Box 46 Hamburg IL 62045
2 Box 46
Hamburg, IL 62045
AUCTION: 06-20-2024
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Hamburg, IL Foreclosures

How much do homes sell for in Hamburg, IL?
The average home price is currently $170,311.
In Hamburg, IL, how many homes are available?
There are currently 65 active home listings available in Hamburg.
What’s the average rental cost in Hamburg, IL?
The average rental price in Hamburg is $1,327.
What is the most expensive home in Hamburg, Illinois?
The most expensive home sold in Hamburg had a price of $497,786.
What is currently the cheapest priced home in Hamburg, IL?
The cheapest home for sale in Hamburg is priced at $36,670.

Home Value Estimator For Hamburg, IL

There are currently 65 real estate properties in Hamburg, IL, with a median automated valuation model (AVM) price of $138,723.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hamburg, 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 Hamburg, IL, is $170,311.00, with the most expensive house in Hamburg, IL, topping out at $497,786.00 and the cheapest home in Hamburg, IL, clocking in at $36,670.00. In other words, there’s something for every potential homebuyer or savvy investor in Hamburg, IL!

Rent Prices In Hamburg, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hamburg, IL, is on a rollercoaster ride. The average rent price in Hamburg, IL, is $1,327.00. Indeed, when looking to rent in Hamburg, IL, you can expect to pay as little as $940.00 or as much as $1,500.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Hamburg, 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 Hamburg, IL In 2024

Hamburg is located in Calhoun, Illinois, with an estimated municipal population of 119 residents. All of the best foreclosed homes for sale in Hamburg are located in the following zip code areas on 62045. The estimated population per square kilometer (.62 miles) in Hamburg is 88.

Diversity And Demographics In Hamburg, 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 Hamburg, 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 Hamburg is 57.3, split between 66.9 percent male versus 33.1 female. The percentage of residents who report being married in Hamburg is 48.2, with an average family size of 6.4.

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

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 9.3%
Aged 10-19 9.9%
20s 2.4%
30s 2.9%
40s 5.3%
50s 41.3%
60s 9.3%
70s 17.5%
80+ 2.3%

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

Pros And Cons Of Living In Hamburg, Illinois

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

  • 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 Hamburg.

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

Hamburg, IL Foreclosures


Listing types in Hamburg, IL

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