Foreclosure Homes in Loda, IL

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3 View this home at Wyandotte Dr Loda IL 60948
$269,466 EMV

3 Bed | 2 Bath

View this home at Kaufman Dr Loda IL 60948
$471,711 EMV
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Home Value Estimator For Loda, IL

There are currently 73 real estate properties in Loda, IL, with a median automated valuation model (AVM) price of $187,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Loda, 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 Loda, IL, is $205,221.00, with the most expensive house in Loda, IL, topping out at $486,200.00 and the cheapest home in Loda, IL, clocking in at $56,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Loda, IL!

Rent Prices In Loda, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Loda, IL, is on a rollercoaster ride. The average rent price in Loda, IL, is $1,639.00. Indeed, when looking to rent in Loda, IL, you can expect to pay as little as $1,060.00 or as much as $3,040.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Loda, 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 Loda, IL

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

Top Reasons To Live In Loda, IL In 2023

Loda is located in Iroquois, Illinois, with an estimated municipal population of 398 residents. All of the best foreclosed homes for sale in Loda are located in the following zip code areas on 60948. The estimated population per square kilometer (.62 miles) in Loda is 104.

Cost Of Living In Loda, IL

So, about how much do homes cost in Loda? The most recent median value of resident-owned homes in Loda is 75,761. An estimated 73.7 percent of households in Loda own their homes, with an average family size of 2.82. The median household income in Loda is 45,417, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Loda, the median commute time of resident workers (in minutes) is 24.7. And last, but certainly not least, are you looking for homes to rent in Loda? If so, the average rent price paid by renters in Loda is 567, according to recent statistics.

Diversity And Demographics In Loda, 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 Loda, 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 Loda is 37, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Loda is 50.4, with an average family size of 2.82.

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

White 93%
Black / African American 0.6%
Asian 0.9%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 4.1%

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

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

Under 10 12.6%
Aged 10-19 16.1%
20s 12%
30s 11.4%
40s 13.2%
50s 13.6%
60s 12.3%
70s 6.7%
80+ 1.9%

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

Pros And Cons Of Living In Loda, Illinois

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

  • 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 Loda.

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

Loda, IL Foreclosures


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