Rent To Own Homes in Shannon, IL

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5 S-hickory-st-Shannon-IL-61078
$112,034 EMV

3 Bed | 1 Bath | 1,230 Sq. Ft.

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Home Value Estimator For Shannon, IL

There are currently 430 real estate properties in Shannon, IL, with a median automated valuation model (AVM) price of $149,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shannon, 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 Shannon, IL, is $169,156.00, with the most expensive house in Shannon, IL, topping out at $1,027,200.00 and the cheapest home in Shannon, IL, clocking in at $39,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Shannon, IL!

Rent Prices In Shannon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shannon, IL, is on a rollercoaster ride. The average rent price in Shannon, IL, is $1,279.00. Indeed, when looking to rent in Shannon, IL, you can expect to pay as little as $760.00 or as much as $2,160.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Shannon, 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.

Foreclosure Homes in Shannon, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Shannon, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Shannon, IL and much more. Save thousands at closing with home foreclosure listings in Shannon, IL — up to 75% off market value!

Top Reasons To Live In Shannon, IL In 2022

Shannon is located in Carroll, Illinois, with an estimated municipal population of 688 residents. All of the best foreclosed homes for sale in Shannon are located in the following zip code areas on 61078. The estimated population per square kilometer (.62 miles) in Shannon is 551.

Cost Of Living In Shannon, IL

So, about how much do homes cost in Shannon? The most recent median value of resident-owned homes in Shannon is 91,205. An estimated 76.5 percent of households in Shannon own their homes, with an average family size of 3.22. The median household income in Shannon is 54,375, with18.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Shannon, the median commute time of resident workers (in minutes) is 25.1. And last, but certainly not least, are you looking for homes to rent in Shannon? If so, the average rent price paid by renters in Shannon is 578, according to recent statistics.

Diversity And Demographics In Shannon, 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 Shannon, 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 Shannon is 36.7, split between 50.7 percent male versus 49.3 female. The percentage of residents who report being married in Shannon is 59.2, with an average family size of 3.22.

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

White 95.2%
Black / African American 0.5%
Asian 3.1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.8%
Other 0.5%

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

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

Under 10 14.7%
Aged 10-19 15.4%
20s 9.2%
30s 16.6%
40s 8.8%
50s 12.5%
60s 8.3%
70s 5.2%
80+ 9.3%

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

Pros And Cons Of Living In Shannon, Illinois

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

  • 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 Shannon.

Reasons To Move To Shannon, Illinois, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Shannon can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Shannon, meanwhile, can field multiple offers from more qualified buyers.

Shannon, IL Rent To Own Homes


Listing types in Shannon, IL

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