Rent To Own Homes in Paw Paw, IL

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View this home at Wisconsin Ave Paw Paw IL 61353
$181,069 EMV
View this home at Wheeler St Paw Paw IL 61353
$238,944 EMV

| 2 Bath | 1,428 Sq. Ft.

View this home at Roxbury Rd Paw Paw IL 61353
$348,777 EMV

| 2 Bath | 2,497 Sq. Ft.

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Home Value Estimator For Paw Paw, IL

There are currently 424 real estate properties in Paw Paw, IL, with a median automated valuation model (AVM) price of $178,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Paw Paw, 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 Paw Paw, IL, is $197,547.00, with the most expensive house in Paw Paw, IL, topping out at $890,400.00 and the cheapest home in Paw Paw, IL, clocking in at $51,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Paw Paw, IL!

Rent Prices In Paw Paw, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Paw Paw, IL, is on a rollercoaster ride. The average rent price in Paw Paw, IL, is $1,360.00. Indeed, when looking to rent in Paw Paw, IL, you can expect to pay as little as $740.00 or as much as $1,960.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Paw Paw, 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.

Foreclosure Homes in Paw Paw, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Paw Paw, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Paw Paw, IL and much more. Save thousands at closing with home foreclosure listings in Paw Paw, IL — up to 75% off market value!

Top Reasons To Live In Paw Paw, IL In 2023

Paw Paw is located in Lee, Illinois, with an estimated municipal population of 848 residents. All of the best foreclosed homes for sale in Paw Paw are located in the following zip code areas on 61353. The estimated population per square kilometer (.62 miles) in Paw Paw is 572.

Cost Of Living In Paw Paw, IL

So, about how much do homes cost in Paw Paw? The most recent median value of resident-owned homes in Paw Paw is 115,139. An estimated 78.4 percent of households in Paw Paw own their homes, with an average family size of 2.8. The median household income in Paw Paw is 53,500, with23.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Paw Paw, the median commute time of resident workers (in minutes) is 34.9. And last, but certainly not least, are you looking for homes to rent in Paw Paw? If so, the average rent price paid by renters in Paw Paw is 672, according to recent statistics.

Diversity And Demographics In Paw Paw, 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 Paw Paw, 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 Paw Paw is 38, split between 47.2 percent male versus 52.8 female. The percentage of residents who report being married in Paw Paw is 58.6, with an average family size of 2.8.

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

White 98.1%
Black / African American 0%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.1%
Other 0.4%

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

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

Under 10 10.6%
Aged 10-19 12.4%
20s 12.5%
30s 16.6%
40s 8.6%
50s 15.8%
60s 11.6%
70s 7.4%
80+ 4.3%

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

Pros And Cons Of Living In Paw Paw, Illinois

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

  • 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 Paw Paw.

Reasons To Move To Paw Paw, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Paw Paw can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Paw Paw, meanwhile, can field multiple offers from more qualified buyers.

Paw Paw, IL Rent To Own Homes


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