Home Value Estimator For Prospect Heights, IL
There are currently 5,348 real estate properties in Prospect Heights, IL,
with a median automated valuation model (AVM) price of $279,673.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prospect Heights, 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 Prospect Heights, IL, is $320,121.00, with the most expensive house
in Prospect Heights, IL, topping out at $2,163,100.00 and the cheapest home in Prospect Heights, IL,
clocking in at $8,574.00. In other words, there’s something for every potential homebuyer
or savvy investor in Prospect Heights, IL!
Rent Prices In Prospect Heights, IL
With the expiration of certain local, state and federal housing-related restrictions and
mandated programs, the rental market in Prospect Heights, IL, is on a rollercoaster ride. The
average rent price in Prospect Heights, IL, is $1,818.00. Indeed, when looking to rent in
Prospect Heights, IL, you can expect to pay as little as $910.00 or as much as $3,840.00,
with the average rent median estimated to be $1,620.00. The good news is that finding
an affordable and desirable property to rent in Prospect Heights, 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.
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