There are currently 3,405 real estate properties in Spring Grove, IL, with a median automated valuation model (AVM) price of $321,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spring 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 Spring Grove, IL, is $306,425.00, with the most expensive house in Spring Grove, IL, topping out at $3,403,500.00 and the cheapest home in Spring Grove, IL, clocking in at $49,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Spring Grove, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spring Grove, IL, is on a rollercoaster ride. The average rent price in Spring Grove, IL, is $1,841.00. Indeed, when looking to rent in Spring Grove, IL, you can expect to pay as little as $780.00 or as much as $3,000.00, with the average rent median estimated to be $1,940.00. The good news is that finding an affordable and desirable property to rent in Spring 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Spring Grove, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Spring Grove, IL and much more. Save thousands at closing with home foreclosure listings in Spring Grove, IL — up to 75% off market value!
Spring Grove is located in McHenry, Illinois, with an estimated municipal population of 5,706 residents. All of the best foreclosed homes for sale in Spring Grove are located in the following zip code areas on Foreclosure.com: 60081. The estimated population per square kilometer (.62 miles) in Spring Grove is 247.
So, about how much do homes cost in Spring Grove? The most recent median value of resident-owned homes in Spring Grove is 302,800. An estimated 90.6 percent of households in Spring Grove own their homes, with an average family size of 3.16. The median household income in Spring Grove is 123,150, with57.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spring Grove, the median commute time of resident workers (in minutes) is 35.6.
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 Spring 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 Spring Grove is 44.2, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Spring Grove is 67.4, with an average family size of 3.16.
The percentage of residents who report their race in Spring Grove is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Spring Grove? Or maybe you are searching for 55+ active adult communities in and/or near Spring Grove?
The percentage of residents who report their age in Spring Grove 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 Spring Grove with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spring Grove.
How do you know that living in -- or moving to -- Spring Grove is right where you need to be? Perhaps you grew up in Spring Grove or already live nearby; therefore, the decision to buy a home in Spring Grove is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spring 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 Spring Grove:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spring Grove.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spring Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spring Grove, meanwhile, can field multiple offers from more qualified buyers.