Bankruptcy Homes in Rochelle, IL

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Home Value Estimator For Rochelle, IL

There are currently 4,132 real estate properties in Rochelle, IL, with a median automated valuation model (AVM) price of $164,715.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rochelle, 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 Rochelle, IL, is $182,829.00, with the most expensive house in Rochelle, IL, topping out at $2,503,800.00 and the cheapest home in Rochelle, IL, clocking in at $14,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Rochelle, IL!

Rent Prices In Rochelle, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rochelle, IL, is on a rollercoaster ride. The average rent price in Rochelle, IL, is $1,280.00. Indeed, when looking to rent in Rochelle, IL, you can expect to pay as little as $760.00 or as much as $2,760.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Rochelle, 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 Rochelle, IL In 2024

Rochelle is located in Ogle, Illinois, with an estimated municipal population of 9,052 residents. All of the best foreclosed homes for sale in Rochelle are located in the following zip code areas on 61068. The estimated population per square kilometer (.62 miles) in Rochelle is 266.

Cost Of Living In Rochelle, IL

So, about how much do homes cost in Rochelle? The most recent median value of resident-owned homes in Rochelle is 114,513. An estimated 54.8 percent of households in Rochelle own their homes, with an average family size of 3.12. The median household income in Rochelle is 49,295, with16 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rochelle, the median commute time of resident workers (in minutes) is 21.8. And last, but certainly not least, are you looking for homes to rent in Rochelle? If so, the average rent price paid by renters in Rochelle is 782, according to recent statistics.

Diversity And Demographics In Rochelle, 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 Rochelle, 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 Rochelle is 36.1, split between 51 percent male versus 49 female. The percentage of residents who report being married in Rochelle is 48.1, with an average family size of 3.12.

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

White 84.9%
Black / African American 3.8%
Asian 0.5%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.9%
Other 7.8%

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

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

Under 10 13.3%
Aged 10-19 12.7%
20s 15.5%
30s 13.3%
40s 12.5%
50s 10.7%
60s 11.2%
70s 5.3%
80+ 5.7%

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

Pros And Cons Of Living In Rochelle, Illinois

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

  • 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 Rochelle.

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

Rochelle, IL Bankruptcy Homes


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