Foreclosure Homes in Herscher, IL

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View this home at N Oak St Herscher IL 60941
$157,818 EMV

| 0 Sq. Ft.

View this home at N Elm St Herscher IL 60941
$214,032 EMV
View this home at N Oak St Herscher IL 60941
$200,116 EMV

| 0 Sq. Ft.

View this home at W Kankakee Herscher IL 60941
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Home Value Estimator For Herscher, IL

There are currently 58 real estate properties in Herscher, IL, with a median automated valuation model (AVM) price of $194,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Herscher, 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 Herscher, IL, is $209,569.00, with the most expensive house in Herscher, IL, topping out at $478,500.00 and the cheapest home in Herscher, IL, clocking in at $55,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Herscher, IL!

Rent Prices In Herscher, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Herscher, IL, is on a rollercoaster ride. The average rent price in Herscher, IL, is $1,348.00. Indeed, when looking to rent in Herscher, IL, you can expect to pay as little as $730.00 or as much as $1,990.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Herscher, 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 Herscher, IL

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

Top Reasons To Live In Herscher, IL In 2023

Herscher is located in Kankakee, Illinois, with an estimated municipal population of 1,504 residents. All of the best foreclosed homes for sale in Herscher are located in the following zip code areas on 60941. The estimated population per square kilometer (.62 miles) in Herscher is 320.

Cost Of Living In Herscher, IL

So, about how much do homes cost in Herscher? The most recent median value of resident-owned homes in Herscher is 160,660. An estimated 80.2 percent of households in Herscher own their homes, with an average family size of 3.08. The median household income in Herscher is 68,523, with32.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Herscher, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Herscher? If so, the average rent price paid by renters in Herscher is 800, according to recent statistics.

Diversity And Demographics In Herscher, 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 Herscher, 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 Herscher is 43, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Herscher is 57, with an average family size of 3.08.

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

White 95.4%
Black / African American 1.1%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.3%
Multi-racial 2.8%
Other 0%

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

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

Under 10 12.5%
Aged 10-19 10.1%
20s 11.9%
30s 8.6%
40s 16.5%
50s 11.7%
60s 15.4%
70s 7.5%
80+ 5.8%

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

Pros And Cons Of Living In Herscher, Illinois

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

  • 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 Herscher.

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

Herscher, IL Foreclosures


Listing types in Herscher, IL

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