There are currently 129 real estate properties in Old Mill Creek, IL, with a median automated valuation model (AVM) price of $512,947.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Old Mill Creek, 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 Old Mill Creek, IL, is $514,549.00, with the most expensive house in Old Mill Creek, IL, topping out at $1,102,748.00 and the cheapest home in Old Mill Creek, IL, clocking in at $16,609.00. In other words, there’s something for every potential homebuyer or savvy investor in Old Mill Creek, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Old Mill Creek, IL, is on a rollercoaster ride. The average rent price in Old Mill Creek, IL, is $2,761.00. Indeed, when looking to rent in Old Mill Creek, IL, you can expect to pay as little as $1,030.00 or as much as $5,250.00, with the average rent median estimated to be $2,730.00. The good news is that finding an affordable and desirable property to rent in Old Mill Creek, 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.
Old Mill Creek is located in Lake, Illinois, with an estimated municipal population of 167 residents. All of the best foreclosed homes for sale in Old Mill Creek are located in the following zip code areas on Foreclosure.com: 60083. The estimated population per square kilometer (.62 miles) in Old Mill Creek is 6.
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 Old Mill Creek, 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 Old Mill Creek is 61.3, split between 51 percent male versus 49 female. The percentage of residents who report being married in Old Mill Creek is 36.4, with an average family size of 2.67.
The percentage of residents who report their race in Old Mill Creek is as follows:
| White | 100% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Old Mill Creek? Or maybe you are searching for 55+ active adult communities in and/or near Old Mill Creek?
The percentage of residents who report their age in Old Mill Creek is as follows:
| Under 10 | 8.3% |
| Aged 10-19 | 6.7% |
| 20s | 9.3% |
| 30s | 7.2% |
| 40s | 6.2% |
| 50s | 8.3% |
| 60s | 25.8% |
| 70s | 24.8% |
| 80+ | 3.6% |
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 Old Mill Creek with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Old Mill Creek.
How do you know that living in -- or moving to -- Old Mill Creek is right where you need to be? Perhaps you grew up in Old Mill Creek or already live nearby; therefore, the decision to buy a home in Old Mill Creek is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Old Mill Creek 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 Old Mill Creek:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Old Mill Creek.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Old Mill Creek can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Old Mill Creek, meanwhile, can field multiple offers from more qualified buyers.
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