There are currently 39 real estate properties in Lomax, IL, with a median automated valuation model (AVM) price of $93,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lomax, 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 Lomax, IL, is $112,090.00, with the most expensive house in Lomax, IL, topping out at $228,000.00 and the cheapest home in Lomax, IL, clocking in at $48,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Lomax, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lomax, IL, is on a rollercoaster ride. The average rent price in Lomax, IL, is $1,089.00. Indeed, when looking to rent in Lomax, IL, you can expect to pay as little as $800.00 or as much as $1,490.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Lomax, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lomax, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lomax, IL and much more. Save thousands at closing with home foreclosure listings in Lomax, IL — up to 75% off market value!
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 Foreclosure.com: 61454. The estimated population per square kilometer (.62 miles) in Lomax is 130.
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.
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:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||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:
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.
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:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lomax.
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.
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