There are currently 3,135 real estate properties in River Grove, IL, with a median automated valuation model (AVM) price of $254,439.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in River Grove, 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 River Grove, IL, is $257,900.00, with the most expensive house in River Grove, IL, topping out at $1,911,400.00 and the cheapest home in River Grove, IL, clocking in at $47,223.00. In other words, there’s something for every potential homebuyer or savvy investor in River Grove, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in River Grove, IL, is on a rollercoaster ride. The average rent price in River Grove, IL, is $1,646.00. Indeed, when looking to rent in River Grove, IL, you can expect to pay as little as $1,000.00 or as much as $2,500.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in River Grove, 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.
River Grove is located in Cook, Illinois, with an estimated municipal population of 9,883 residents. All of the best foreclosed homes for sale in River Grove are located in the following zip code areas on Foreclosure.com: 60171. The estimated population per square kilometer (.62 miles) in River Grove is 1,596.
So, about how much do homes cost in River Grove? The most recent median value of resident-owned homes in River Grove is 209,550. An estimated 63.2 percent of households in River Grove own their homes, with an average family size of 3.43. The median household income in River Grove is 59,814, with25.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in River Grove, the median commute time of resident workers (in minutes) is 34.4. And last, but certainly not least, are you looking for homes to rent in River Grove? If so, the average rent price paid by renters in River Grove is 972, 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 River Grove, 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 River Grove is 37.5, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in River Grove is 55.7, with an average family size of 3.43.
The percentage of residents who report their race in River Grove is as follows:
| White | 83.4% |
| Black / African American | 1.3% |
| Asian | 1.4% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.2% |
| Other | 12.7% |
Looking for family-friendly neighborhoods in and/or near River Grove? Or maybe you are searching for 55+ active adult communities in and/or near River Grove?
The percentage of residents who report their age in River Grove is as follows:
| Under 10 | 14% |
| Aged 10-19 | 10.7% |
| 20s | 9.5% |
| 30s | 18.5% |
| 40s | 9.6% |
| 50s | 16.3% |
| 60s | 10.9% |
| 70s | 7.2% |
| 80+ | 3.1% |
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 River Grove with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in River Grove.
How do you know that living in -- or moving to -- River Grove is right where you need to be? Perhaps you grew up in River Grove or already live nearby; therefore, the decision to buy a home in River Grove is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to River Grove 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 River Grove:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like River Grove.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in River Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in River Grove, meanwhile, can field multiple offers from more qualified buyers.
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