Foreclosure Homes in Loves Park, IL

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3 View this home at Mcfarland Rd Loves Park IL 61111
$263,355 EMV
Mcfarland Rd
Loves Park, IL 61111
2 |
EST. RENT: $1,600
AUCTION: 06-06-2024
2 |
5 View this home at Pennsylvania Ave Loves Park IL 61111
$125,154 EMV
Pennsylvania Ave
Loves Park, IL 61111
4 |
EST. RENT: $1,171
AUCTION: 04-24-2024
4 |
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Loves Park, IL Foreclosures

How much do homes sell for in Loves Park, IL?
The average home price is currently $189,189.
In Loves Park, IL, how many homes are available?
There are currently 7,653 active home listings available in Loves Park.
What’s the average rental cost in Loves Park, IL?
The average rental price in Loves Park is $1,183.
What is the most expensive home in Loves Park, Illinois?
The most expensive home sold in Loves Park had a price of $2,766,900.
What is currently the cheapest priced home in Loves Park, IL?
The cheapest home for sale in Loves Park is priced at $15,348.

Home Value Estimator For Loves Park, IL

There are currently 7,653 real estate properties in Loves Park, IL, with a median automated valuation model (AVM) price of $169,972.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Loves Park, 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 Loves Park, IL, is $189,189.00, with the most expensive house in Loves Park, IL, topping out at $2,766,900.00 and the cheapest home in Loves Park, IL, clocking in at $15,348.00. In other words, there’s something for every potential homebuyer or savvy investor in Loves Park, IL!

Rent Prices In Loves Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Loves Park, IL, is on a rollercoaster ride. The average rent price in Loves Park, IL, is $1,183.00. Indeed, when looking to rent in Loves Park, IL, you can expect to pay as little as $610.00 or as much as $2,600.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Loves Park, 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 Loves Park, IL In 2024

Loves Park is located in Winnebago, Illinois, with an estimated municipal population of 23,371 residents. All of the best foreclosed homes for sale in Loves Park are located in the following zip code areas on 61111 61011 61130 61131 61132. The estimated population per square kilometer (.62 miles) in Loves Park is 549.

Cost Of Living In Loves Park, IL

So, about how much do homes cost in Loves Park? The most recent median value of resident-owned homes in Loves Park is 110,999. An estimated 68.7 percent of households in Loves Park own their homes, with an average family size of 3.04. The median household income in Loves Park is 59,059, with24.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Loves Park, the median commute time of resident workers (in minutes) is 23.5. And last, but certainly not least, are you looking for homes to rent in Loves Park? If so, the average rent price paid by renters in Loves Park is 848, according to recent statistics.

Diversity And Demographics In Loves Park, 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 Loves Park, 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 Loves Park is 38.2, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Loves Park is 47.1, with an average family size of 3.04.

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

White 87%
Black / African American 4.6%
Asian 3.4%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.3%
Other 1%

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

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

Under 10 11.4%
Aged 10-19 13.9%
20s 13.2%
30s 13.5%
40s 13.6%
50s 13.2%
60s 11.9%
70s 6.2%
80+ 3.2%

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

Pros And Cons Of Living In Loves Park, Illinois

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

  • 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 Loves Park.

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

Loves Park, IL Foreclosures


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