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Foreclosure Homes in Princeville, IL

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Princeville, IL Foreclosures

How much do homes sell for in Princeville, IL?
The average home price is currently $196,404.
In Princeville, IL, how many homes are available?
There are currently 1,305 active home listings available in Princeville.
What’s the average rental cost in Princeville, IL?
The average rental price in Princeville is $1,309.
What is the most expensive home in Princeville, Illinois?
The most expensive home sold in Princeville had a price of $1,295,636.
What is currently the cheapest priced home in Princeville, IL?
The cheapest home for sale in Princeville is priced at $14,146.

Home Value Estimator For Princeville, IL

There are currently 1,305 real estate properties in Princeville, IL, with a median automated valuation model (AVM) price of $166,865.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Princeville, 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 Princeville, IL, is $196,404.00, with the most expensive house in Princeville, IL, topping out at $1,295,636.00 and the cheapest home in Princeville, IL, clocking in at $14,146.00. In other words, there’s something for every potential homebuyer or savvy investor in Princeville, IL!


Rent Prices In Princeville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Princeville, IL, is on a rollercoaster ride. The average rent price in Princeville, IL, is $1,309.00. Indeed, when looking to rent in Princeville, IL, you can expect to pay as little as $610.00 or as much as $2,340.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Princeville, 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 Princeville, IL In 2024

Princeville is located in Peoria, Illinois, with an estimated municipal population of 1,672 residents. All of the best foreclosed homes for sale in Princeville are located in the following zip code areas on Foreclosure.com: 61559. The estimated population per square kilometer (.62 miles) in Princeville is 380.


Cost Of Living In Princeville, IL

So, about how much do homes cost in Princeville? The most recent median value of resident-owned homes in Princeville is 127,510. An estimated 79.5 percent of households in Princeville own their homes, with an average family size of 3.2. The median household income in Princeville is 60,139, with20.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Princeville, the median commute time of resident workers (in minutes) is 23.4. And last, but certainly not least, are you looking for homes to rent in Princeville? If so, the average rent price paid by renters in Princeville is 818, according to recent statistics.


Diversity And Demographics In Princeville, 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 Princeville, 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 Princeville is 40.9, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Princeville is 51, with an average family size of 3.2.

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

White 93.2%
Black / African American 0.5%
Asian 0.5%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 3.5%

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

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

Under 10 15.2%
Aged 10-19 13.7%
20s 7.3%
30s 12.3%
40s 11.5%
50s 14.9%
60s 10.2%
70s 8.3%
80+ 6.5%

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


Pros And Cons Of Living In Princeville, Illinois

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

  • 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 Princeville.


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

Princeville, IL Foreclosures


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