Foreclosure Homes in Hopewell, IL

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Home Value Estimator For Hopewell, IL

There are currently 70 real estate properties in Hopewell, IL, with a median automated valuation model (AVM) price of $170,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hopewell, 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 Hopewell, IL, is $171,627.00, with the most expensive house in Hopewell, IL, topping out at $256,600.00 and the cheapest home in Hopewell, IL, clocking in at $39,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Hopewell, IL!

Rent Prices In Hopewell, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hopewell, IL, is on a rollercoaster ride. The average rent price in Hopewell, IL, is $1,463.00. Indeed, when looking to rent in Hopewell, IL, you can expect to pay as little as $950.00 or as much as $1,820.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Hopewell, 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 Hopewell, IL

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

Top Reasons To Live In Hopewell, IL In 2023

Hopewell is located in Marshall, Illinois, with an estimated municipal population of 398 residents. All of the best foreclosed homes for sale in Hopewell are located in the following zip code areas on 61565. The estimated population per square kilometer (.62 miles) in Hopewell is 135.

Cost Of Living In Hopewell, IL

So, about how much do homes cost in Hopewell? The most recent median value of resident-owned homes in Hopewell is 160,333. An estimated 100 percent of households in Hopewell own their homes, with an average family size of 2.57. The median household income in Hopewell is 84,375, with37.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hopewell, the median commute time of resident workers (in minutes) is 32.7.

Diversity And Demographics In Hopewell, 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 Hopewell, 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 Hopewell is 50.1, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Hopewell is 71.5, with an average family size of 2.57.

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

White 99.5%
Black / African American 0%
Asian 0.5%
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 Hopewell? Or maybe you are searching for 55+ active adult communities in and/or near Hopewell?

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

Under 10 5.6%
Aged 10-19 12.4%
20s 5.8%
30s 6.8%
40s 19.4%
50s 17.9%
60s 19.9%
70s 10.8%
80+ 1.6%

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

Pros And Cons Of Living In Hopewell, Illinois

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

  • 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 Hopewell.

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

Hopewell, IL Foreclosures


Listing types in Hopewell, IL

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