There are currently 11,758 real estate properties in Mundelein, IL, with a median automated valuation model (AVM) price of $260,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mundelein, 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 Mundelein, IL, is $297,333.00, with the most expensive house in Mundelein, IL, topping out at $8,422,500.00 and the cheapest home in Mundelein, IL, clocking in at $57,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Mundelein, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mundelein, IL, is on a rollercoaster ride. The average rent price in Mundelein, IL, is $1,928.00. Indeed, when looking to rent in Mundelein, IL, you can expect to pay as little as $820.00 or as much as $4,140.00, with the average rent median estimated to be $1,790.00. The good news is that finding an affordable and desirable property to rent in Mundelein, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Mundelein, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mundelein, IL and much more. Save thousands at closing with home foreclosure listings in Mundelein, IL — up to 75% off market value!
Mundelein is located in Lake, Illinois, with an estimated municipal population of 31,051 residents. All of the best foreclosed homes for sale in Mundelein are located in the following zip code areas on Foreclosure.com: 60060. The estimated population per square kilometer (.62 miles) in Mundelein is 1,257.
So, about how much do homes cost in Mundelein? The most recent median value of resident-owned homes in Mundelein is 238,821. An estimated 74.4 percent of households in Mundelein own their homes, with an average family size of 3.36. The median household income in Mundelein is 93,027, with45 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mundelein, the median commute time of resident workers (in minutes) is 28.4. And last, but certainly not least, are you looking for homes to rent in Mundelein? If so, the average rent price paid by renters in Mundelein is 1,418, according to recent statistics.
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 Mundelein, 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 Mundelein is 37.2, split between 50.7 percent male versus 49.3 female. The percentage of residents who report being married in Mundelein is 57.8, with an average family size of 3.36.
The percentage of residents who report their race in Mundelein is as follows:
|Black / African American||2%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Mundelein? Or maybe you are searching for 55+ active adult communities in and/or near Mundelein?
The percentage of residents who report their age in Mundelein is as follows:
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 Mundelein with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mundelein.
How do you know that living in -- or moving to -- Mundelein is right where you need to be? Perhaps you grew up in Mundelein or already live nearby; therefore, the decision to buy a home in Mundelein is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mundelein 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 Mundelein:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mundelein.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mundelein can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mundelein, meanwhile, can field multiple offers from more qualified buyers.
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