Rent To Own Homes in Phoenix, IL

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Home Value Estimator For Phoenix, IL

There are currently 763 real estate properties in Phoenix, IL, with a median automated valuation model (AVM) price of $131,747.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phoenix, 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 Phoenix, IL, is $133,257.00, with the most expensive house in Phoenix, IL, topping out at $980,600.00 and the cheapest home in Phoenix, IL, clocking in at $16,187.00. In other words, there’s something for every potential homebuyer or savvy investor in Phoenix, IL!

Rent Prices In Phoenix, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phoenix, IL, is on a rollercoaster ride. The average rent price in Phoenix, IL, is $1,203.00. Indeed, when looking to rent in Phoenix, IL, you can expect to pay as little as $750.00 or as much as $2,310.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Phoenix, 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.

Top Reasons To Live In Phoenix, IL In 2024

Phoenix is located in Cook, Illinois, with an estimated municipal population of 1,908 residents. All of the best foreclosed homes for sale in Phoenix are located in the following zip code areas on 60426. The estimated population per square kilometer (.62 miles) in Phoenix is 1,588.

Cost Of Living In Phoenix, IL

So, about how much do homes cost in Phoenix? The most recent median value of resident-owned homes in Phoenix is 74,889. An estimated 60.4 percent of households in Phoenix own their homes, with an average family size of 3.74. The median household income in Phoenix is 36,906, with8.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Phoenix, 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 Phoenix? If so, the average rent price paid by renters in Phoenix is 907, according to recent statistics.

Diversity And Demographics In Phoenix, 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 Phoenix, 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 Phoenix is 35.7, split between 45.9 percent male versus 54.1 female. The percentage of residents who report being married in Phoenix is 22, with an average family size of 3.74.

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

White 14.9%
Black / African American 81.7%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 2.8%

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

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

Under 10 13.6%
Aged 10-19 16.7%
20s 10.3%
30s 14.5%
40s 7.2%
50s 13.3%
60s 10.4%
70s 7.9%
80+ 6.2%

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

Pros And Cons Of Living In Phoenix, Illinois

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

  • 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 Phoenix.

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

Phoenix, IL Rent To Own Homes


Listing types in Phoenix, IL

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