Foreclosure Homes in South Beloit, IL

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South Beloit, IL Foreclosures

How much do homes sell for in South Beloit, IL?
The average home price is currently $208,562.
In South Beloit, IL, how many homes are available?
There are currently 3,703 active home listings available in South Beloit.
What’s the average rental cost in South Beloit, IL?
The average rental price in South Beloit is $1,263.
What is the most expensive home in South Beloit, Illinois?
The most expensive home sold in South Beloit had a price of $1,835,734.
What is currently the cheapest priced home in South Beloit, IL?
The cheapest home for sale in South Beloit is priced at $22,184.

Home Value Estimator For South Beloit, IL

There are currently 3,703 real estate properties in South Beloit, IL, with a median automated valuation model (AVM) price of $200,680.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South Beloit, 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 South Beloit, IL, is $208,562.00, with the most expensive house in South Beloit, IL, topping out at $1,835,734.00 and the cheapest home in South Beloit, IL, clocking in at $22,184.00. In other words, there’s something for every potential homebuyer or savvy investor in South Beloit, IL!

Rent Prices In South Beloit, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Beloit, IL, is on a rollercoaster ride. The average rent price in South Beloit, IL, is $1,263.00. Indeed, when looking to rent in South Beloit, IL, you can expect to pay as little as $580.00 or as much as $2,480.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in South Beloit, 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 South Beloit, IL In 2024

South Beloit is located in Winnebago, Illinois, with an estimated municipal population of 7,624 residents. All of the best foreclosed homes for sale in South Beloit are located in the following zip code areas on 61080. The estimated population per square kilometer (.62 miles) in South Beloit is 491.

Cost Of Living In South Beloit, IL

So, about how much do homes cost in South Beloit? The most recent median value of resident-owned homes in South Beloit is 123,394. An estimated 73.1 percent of households in South Beloit own their homes, with an average family size of 3.31. The median household income in South Beloit is 60,822, with24.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in South Beloit, the median commute time of resident workers (in minutes) is 23.4. And last, but certainly not least, are you looking for homes to rent in South Beloit? If so, the average rent price paid by renters in South Beloit is 784, according to recent statistics.

Diversity And Demographics In South Beloit, 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 South Beloit, 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 South Beloit is 35, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in South Beloit is 56.8, with an average family size of 3.31.

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

White 89.7%
Black / African American 3.2%
Asian 0.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 5.4%
Other 1.2%

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

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

Under 10 16.6%
Aged 10-19 14.4%
20s 13%
30s 12.9%
40s 12.8%
50s 12.5%
60s 10.6%
70s 4.4%
80+ 2.8%

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

Pros And Cons Of Living In South Beloit, Illinois

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

  • 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 South Beloit.

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

South Beloit, IL Foreclosures


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