Multi-family Homes in Momence, IL

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Top Reasons To Live In Momence, IL In 2024

Momence is located in Kankakee, Illinois, with an estimated municipal population of 3,094 residents. All of the best foreclosed homes for sale in Momence are located in the following zip code areas on 60954. The estimated population per square kilometer (.62 miles) in Momence is 761.

Cost Of Living In Momence, IL

So, about how much do homes cost in Momence? The most recent median value of resident-owned homes in Momence is 142,682. An estimated 66.3 percent of households in Momence own their homes, with an average family size of 3.44. The median household income in Momence is 49,844, with21.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Momence, the median commute time of resident workers (in minutes) is 20.8. And last, but certainly not least, are you looking for homes to rent in Momence? If so, the average rent price paid by renters in Momence is 803, according to recent statistics.

Diversity And Demographics In Momence, 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 Momence, 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 Momence is 35.3, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Momence is 37.1, with an average family size of 3.44.

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

White 81.2%
Black / African American 7.8%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 6.1%
Other 4.7%

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

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

Under 10 11.2%
Aged 10-19 19.5%
20s 12.7%
30s 12.5%
40s 9.5%
50s 15.8%
60s 7.2%
70s 6.9%
80+ 4.7%

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

Pros And Cons Of Living In Momence, Illinois

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

  • 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 Momence.

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

Momence, IL Multi-family Homes Foreclosures


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