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Foreclosure Homes in Lerna, IL

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Lerna, IL Foreclosures

How much do homes sell for in Lerna, IL?
The average home price is currently $128,654.
In Lerna, IL, how many homes are available?
There are currently 359 active home listings available in Lerna.
What’s the average rental cost in Lerna, IL?
The average rental price in Lerna is $1,047.
What is the most expensive home in Lerna, Illinois?
The most expensive home sold in Lerna had a price of $878,497.
What is currently the cheapest priced home in Lerna, IL?
The cheapest home for sale in Lerna is priced at $17,825.

Home Value Estimator For Lerna, IL

There are currently 359 real estate properties in Lerna, IL, with a median automated valuation model (AVM) price of $108,941.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lerna, 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 Lerna, IL, is $128,654.00, with the most expensive house in Lerna, IL, topping out at $878,497.00 and the cheapest home in Lerna, IL, clocking in at $17,825.00. In other words, there’s something for every potential homebuyer or savvy investor in Lerna, IL!


Rent Prices In Lerna, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lerna, IL, is on a rollercoaster ride. The average rent price in Lerna, IL, is $1,047.00. Indeed, when looking to rent in Lerna, IL, you can expect to pay as little as $480.00 or as much as $2,000.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Lerna, 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 Lerna, IL In 2024

Lerna is located in Coles, Illinois, with an estimated municipal population of 273 residents. All of the best foreclosed homes for sale in Lerna are located in the following zip code areas on Foreclosure.com: 62440. The estimated population per square kilometer (.62 miles) in Lerna is 916.


Cost Of Living In Lerna, IL

So, about how much do homes cost in Lerna? The most recent median value of resident-owned homes in Lerna is 72,029. An estimated 80.9 percent of households in Lerna own their homes, with an average family size of 3.11. The median household income in Lerna is 43,500, with0 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lerna, the median commute time of resident workers (in minutes) is 24.2. And last, but certainly not least, are you looking for homes to rent in Lerna? If so, the average rent price paid by renters in Lerna is 521, according to recent statistics.


Diversity And Demographics In Lerna, 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 Lerna, 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 Lerna is 40.8, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Lerna is 48.6, with an average family size of 3.11.

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

White 98.8%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

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

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

Under 10 11.9%
Aged 10-19 11%
20s 12.6%
30s 13.8%
40s 6%
50s 19%
60s 11.9%
70s 11.9%
80+ 2%

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


Pros And Cons Of Living In Lerna, Illinois

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

  • 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 Lerna.


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

Lerna, IL Foreclosures


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