Foreclosure Homes in Lomax, IL

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Top Reasons To Live In Lomax, IL In 2024

Lomax is located in Henderson, Illinois, with an estimated municipal population of 401 residents. All of the best foreclosed homes for sale in Lomax are located in the following zip code areas on 61454. The estimated population per square kilometer (.62 miles) in Lomax is 130.

Cost Of Living In Lomax, IL

So, about how much do homes cost in Lomax? The most recent median value of resident-owned homes in Lomax is 71,350. An estimated 59.3 percent of households in Lomax own their homes, with an average family size of 2.74. The median household income in Lomax is 30,417, with11 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lomax, the median commute time of resident workers (in minutes) is 24.8. And last, but certainly not least, are you looking for homes to rent in Lomax? If so, the average rent price paid by renters in Lomax is 575, according to recent statistics.

Diversity And Demographics In Lomax, 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 Lomax, 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 Lomax is 47.7, split between 40.7 percent male versus 59.3 female. The percentage of residents who report being married in Lomax is 58.6, with an average family size of 2.74.

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

White 97.7%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0%

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

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

Under 10 12.3%
Aged 10-19 8.4%
20s 16.1%
30s 7.4%
40s 10.8%
50s 10.2%
60s 19%
70s 11.6%
80+ 4.3%

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

Pros And Cons Of Living In Lomax, Illinois

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

  • 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 Lomax.

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

Lomax, IL Foreclosures


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