Bankruptcy Homes in Minooka, IL

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Home Value Estimator For Minooka, IL

There are currently 4,574 real estate properties in Minooka, IL, with a median automated valuation model (AVM) price of $323,294.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Minooka, 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 Minooka, IL, is $333,553.00, with the most expensive house in Minooka, IL, topping out at $2,653,600.00 and the cheapest home in Minooka, IL, clocking in at $17,778.00. In other words, there’s something for every potential homebuyer or savvy investor in Minooka, IL!

Rent Prices In Minooka, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Minooka, IL, is on a rollercoaster ride. The average rent price in Minooka, IL, is $1,711.00. Indeed, when looking to rent in Minooka, IL, you can expect to pay as little as $570.00 or as much as $3,980.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Minooka, 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 Minooka, IL In 2024

Minooka is located in Grundy, Illinois, with an estimated municipal population of 11,397 residents. All of the best foreclosed homes for sale in Minooka are located in the following zip code areas on 60447. The estimated population per square kilometer (.62 miles) in Minooka is 467.

Cost Of Living In Minooka, IL

So, about how much do homes cost in Minooka? The most recent median value of resident-owned homes in Minooka is 210,634. An estimated 90.6 percent of households in Minooka own their homes, with an average family size of 3.47. The median household income in Minooka is 92,902, with44.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Minooka, the median commute time of resident workers (in minutes) is 32.7. And last, but certainly not least, are you looking for homes to rent in Minooka? If so, the average rent price paid by renters in Minooka is 1,233, according to recent statistics.

Diversity And Demographics In Minooka, 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 Minooka, 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 Minooka is 33.6, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Minooka is 57.9, with an average family size of 3.47.

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

White 91.3%
Black / African American 2.6%
Asian 1%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 2.2%
Other 2.6%

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

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

Under 10 15.6%
Aged 10-19 16.6%
20s 12.6%
30s 14.9%
40s 16.9%
50s 10.4%
60s 8.3%
70s 2.3%
80+ 2.3%

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

Pros And Cons Of Living In Minooka, Illinois

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

  • 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 Minooka.

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

Minooka, IL Bankruptcy Homes


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