There are currently 1,133 real estate properties in Orion, IL, with a median automated valuation model (AVM) price of $166,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orion, 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 Orion, IL, is $176,588.00, with the most expensive house in Orion, IL, topping out at $604,000.00 and the cheapest home in Orion, IL, clocking in at $57,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Orion, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orion, IL, is on a rollercoaster ride. The average rent price in Orion, IL, is $1,449.00. Indeed, when looking to rent in Orion, IL, you can expect to pay as little as $660.00 or as much as $2,660.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Orion, 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 Orion, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Orion, IL and much more. Save thousands at closing with home foreclosure listings in Orion, IL — up to 75% off market value!
Orion is located in Henry, Illinois, with an estimated municipal population of 1,798 residents. All of the best foreclosed homes for sale in Orion are located in the following zip code areas on Foreclosure.com: 61273. The estimated population per square kilometer (.62 miles) in Orion is 756.
So, about how much do homes cost in Orion? The most recent median value of resident-owned homes in Orion is 143,650. An estimated 79.9 percent of households in Orion own their homes, with an average family size of 3.2. The median household income in Orion is 70,694, with24.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Orion, the median commute time of resident workers (in minutes) is 24.9. And last, but certainly not least, are you looking for homes to rent in Orion? If so, the average rent price paid by renters in Orion is 721, 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 Orion, 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 Orion is 38.2, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Orion is 55, with an average family size of 3.2.
The percentage of residents who report their race in Orion is as follows:
|Black / African American||0.7%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Orion? Or maybe you are searching for 55+ active adult communities in and/or near Orion?
The percentage of residents who report their age in Orion 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 Orion with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Orion.
How do you know that living in -- or moving to -- Orion is right where you need to be? Perhaps you grew up in Orion or already live nearby; therefore, the decision to buy a home in Orion is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Orion 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 Orion:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Orion.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Orion can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Orion, meanwhile, can field multiple offers from more qualified buyers.