There are currently 2,621 real estate properties in Silvis, IL, with a median automated valuation model (AVM) price of $112,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Silvis, 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 Silvis, IL, is $129,754.00, with the most expensive house in Silvis, IL, topping out at $1,904,500.00 and the cheapest home in Silvis, IL, clocking in at $11,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Silvis, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Silvis, IL, is on a rollercoaster ride. The average rent price in Silvis, IL, is $1,055.00. Indeed, when looking to rent in Silvis, IL, you can expect to pay as little as $500.00 or as much as $2,240.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Silvis, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Silvis, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Silvis, IL and much more. Save thousands at closing with home foreclosure listings in Silvis, IL — up to 75% off market value!
Silvis is located in Rock Island, Illinois, with an estimated municipal population of 7,475 residents. All of the best foreclosed homes for sale in Silvis are located in the following zip code areas on Foreclosure.com: 61244 61239 61282. The estimated population per square kilometer (.62 miles) in Silvis is 673.
So, about how much do homes cost in Silvis? The most recent median value of resident-owned homes in Silvis is 117,483. An estimated 52.6 percent of households in Silvis own their homes, with an average family size of 2.96. The median household income in Silvis is 53,634, with18.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Silvis, the median commute time of resident workers (in minutes) is 19.1. And last, but certainly not least, are you looking for homes to rent in Silvis? If so, the average rent price paid by renters in Silvis is 798, 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 Silvis, 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 Silvis is 38.4, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Silvis is 41.1, with an average family size of 2.96.
The percentage of residents who report their race in Silvis is as follows:
|Black / African American||10.4%|
|American Indian / Alaskan Native||0.7%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Silvis? Or maybe you are searching for 55+ active adult communities in and/or near Silvis?
The percentage of residents who report their age in Silvis is as follows:
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 Silvis with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Silvis.
How do you know that living in -- or moving to -- Silvis is right where you need to be? Perhaps you grew up in Silvis or already live nearby; therefore, the decision to buy a home in Silvis is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Silvis 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 Silvis:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Silvis.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Silvis can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Silvis, meanwhile, can field multiple offers from more qualified buyers.
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