Cheap Homes in Macomb, IL

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Macomb, IL Foreclosures

How much do homes sell for in Macomb, IL?
The average home price is currently $117,924.
In Macomb, IL, how many homes are available?
There are currently 5,110 active home listings available in Macomb.
What’s the average rental cost in Macomb, IL?
The average rental price in Macomb is $1,149.
What is the most expensive home in Macomb, Illinois?
The most expensive home sold in Macomb had a price of $1,663,000.
What is currently the cheapest priced home in Macomb, IL?
The cheapest home for sale in Macomb is priced at $9,128.

Home Value Estimator For Macomb, IL

There are currently 5,110 real estate properties in Macomb, IL, with a median automated valuation model (AVM) price of $95,846.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Macomb, 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 Macomb, IL, is $117,924.00, with the most expensive house in Macomb, IL, topping out at $1,663,000.00 and the cheapest home in Macomb, IL, clocking in at $9,128.00. In other words, there’s something for every potential homebuyer or savvy investor in Macomb, IL!

Rent Prices In Macomb, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Macomb, IL, is on a rollercoaster ride. The average rent price in Macomb, IL, is $1,149.00. Indeed, when looking to rent in Macomb, IL, you can expect to pay as little as $600.00 or as much as $3,180.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Macomb, 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 Macomb, IL In 2024

Macomb is located in McDonough, Illinois, with an estimated municipal population of 17,413 residents. All of the best foreclosed homes for sale in Macomb are located in the following zip code areas on 61455. The estimated population per square kilometer (.62 miles) in Macomb is 620.

Cost Of Living In Macomb, IL

So, about how much do homes cost in Macomb? The most recent median value of resident-owned homes in Macomb is 101,503. An estimated 53.2 percent of households in Macomb own their homes, with an average family size of 3.24. The median household income in Macomb is 39,384, with18.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Macomb, the median commute time of resident workers (in minutes) is 13.4. And last, but certainly not least, are you looking for homes to rent in Macomb? If so, the average rent price paid by renters in Macomb is 688, according to recent statistics.

Diversity And Demographics In Macomb, 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 Macomb, 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 Macomb is 25.9, split between 46.9 percent male versus 53.1 female. The percentage of residents who report being married in Macomb is 29.9, with an average family size of 3.24.

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

White 85.5%
Black / African American 7.4%
Asian 2.5%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.7%
Other 0.7%

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

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

Under 10 6.7%
Aged 10-19 19.5%
20s 28.5%
30s 10.1%
40s 6.7%
50s 8.8%
60s 8.9%
70s 5.4%
80+ 5.5%

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

Pros And Cons Of Living In Macomb, Illinois

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

  • 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 Macomb.

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

Cheap Homes in Macomb, IL


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