Bankruptcy Homes in Sycamore, IL

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Home Value Estimator For Sycamore, IL

There are currently 7,012 real estate properties in Sycamore, IL, with a median automated valuation model (AVM) price of $265,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sycamore, 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 Sycamore, IL, is $294,688.00, with the most expensive house in Sycamore, IL, topping out at $2,251,913.00 and the cheapest home in Sycamore, IL, clocking in at $29,757.00. In other words, there’s something for every potential homebuyer or savvy investor in Sycamore, IL!

Rent Prices In Sycamore, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sycamore, IL, is on a rollercoaster ride. The average rent price in Sycamore, IL, is $1,482.00. Indeed, when looking to rent in Sycamore, IL, you can expect to pay as little as $670.00 or as much as $3,150.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in Sycamore, 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 Sycamore, IL In 2024

Sycamore is located in DeKalb, Illinois, with an estimated municipal population of 18,322 residents. All of the best foreclosed homes for sale in Sycamore are located in the following zip code areas on 60178. The estimated population per square kilometer (.62 miles) in Sycamore is 719.

Cost Of Living In Sycamore, IL

So, about how much do homes cost in Sycamore? The most recent median value of resident-owned homes in Sycamore is 191,693. An estimated 65.1 percent of households in Sycamore own their homes, with an average family size of 3.17. The median household income in Sycamore is 71,698, with31.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sycamore, the median commute time of resident workers (in minutes) is 25. And last, but certainly not least, are you looking for homes to rent in Sycamore? If so, the average rent price paid by renters in Sycamore is 963, according to recent statistics.

Diversity And Demographics In Sycamore, 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 Sycamore, 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 Sycamore is 36.6, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Sycamore is 48.2, with an average family size of 3.17.

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

White 91.2%
Black / African American 4%
Asian 2.1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 1.1%

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

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

Under 10 12.9%
Aged 10-19 16.4%
20s 12.2%
30s 13.5%
40s 13.2%
50s 12.2%
60s 10.7%
70s 5.9%
80+ 3.1%

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

Pros And Cons Of Living In Sycamore, Illinois

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

  • 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 Sycamore.

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

Sycamore, IL Bankruptcy Homes


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