Bankruptcy Homes in Mason City, IL

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Home Value Estimator For Mason City, IL

There are currently 37 real estate properties in Mason City, IL, with a median automated valuation model (AVM) price of $88,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mason City, 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 Mason City, IL, is $103,144.00, with the most expensive house in Mason City, IL, topping out at $278,000.00 and the cheapest home in Mason City, IL, clocking in at $24,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Mason City, IL!

Rent Prices In Mason City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mason City, IL, is on a rollercoaster ride. The average rent price in Mason City, IL, is $1,085.00. Indeed, when looking to rent in Mason City, IL, you can expect to pay as little as $590.00 or as much as $1,710.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Mason City, 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 Mason City, IL

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

Top Reasons To Live In Mason City, IL In 2023

Mason City is located in Mason, Illinois, with an estimated municipal population of 2,119 residents. All of the best foreclosed homes for sale in Mason City are located in the following zip code areas on 62664. The estimated population per square kilometer (.62 miles) in Mason City is 807.

Cost Of Living In Mason City, IL

So, about how much do homes cost in Mason City? The most recent median value of resident-owned homes in Mason City is 76,979. An estimated 73.2 percent of households in Mason City own their homes, with an average family size of 2.77. The median household income in Mason City is 39,485, with15.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mason City, 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 Mason City? If so, the average rent price paid by renters in Mason City is 596, according to recent statistics.

Diversity And Demographics In Mason City, 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 Mason City, 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 Mason City is 43.5, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Mason City is 44.6, with an average family size of 2.77.

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

White 97.5%
Black / African American 1.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 1.2%

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

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

Under 10 8.3%
Aged 10-19 16.6%
20s 11.1%
30s 8.5%
40s 11.8%
50s 12.7%
60s 13.1%
70s 9.4%
80+ 8.3%

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

Pros And Cons Of Living In Mason City, Illinois

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

  • 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 Mason City.

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

Mason City, IL Bankruptcy Homes


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