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Foreclosure Homes in Venice, IL

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5 View this home at 636 Lincoln Street Venice IL 62090
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636 Lincoln Street
Venice, IL 62090
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AUCTION: 04-02-2024
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Displaying 1 - 10 of 98

Venice, IL Foreclosures

How much do homes sell for in Venice, IL?
The average home price is currently $35,997.
In Venice, IL, how many homes are available?
There are currently 289 active home listings available in Venice.
What’s the average rental cost in Venice, IL?
The average rental price in Venice is $810.
What is the most expensive home in Venice, Illinois?
The most expensive home sold in Venice had a price of $118,620.
What is currently the cheapest priced home in Venice, IL?
The cheapest home for sale in Venice is priced at $13,235.

Home Value Estimator For Venice, IL

There are currently 289 real estate properties in Venice, IL, with a median automated valuation model (AVM) price of $31,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Venice, 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 Venice, IL, is $35,997.00, with the most expensive house in Venice, IL, topping out at $118,620.00 and the cheapest home in Venice, IL, clocking in at $13,235.00. In other words, there’s something for every potential homebuyer or savvy investor in Venice, IL!


Rent Prices In Venice, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Venice, IL, is on a rollercoaster ride. The average rent price in Venice, IL, is $810.00. Indeed, when looking to rent in Venice, IL, you can expect to pay as little as $520.00 or as much as $1,220.00, with the average rent median estimated to be $780.00. The good news is that finding an affordable and desirable property to rent in Venice, 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 Venice, IL In 2024

Venice is located in Madison, Illinois, with an estimated municipal population of 1,858 residents. All of the best foreclosed homes for sale in Venice are located in the following zip code areas on Foreclosure.com: 62090 62060. The estimated population per square kilometer (.62 miles) in Venice is 387.


Cost Of Living In Venice, IL

So, about how much do homes cost in Venice? The most recent median value of resident-owned homes in Venice is 38,962. An estimated 44.1 percent of households in Venice own their homes, with an average family size of 3.15. The median household income in Venice is 27,981, with6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Venice, the median commute time of resident workers (in minutes) is 26.4. And last, but certainly not least, are you looking for homes to rent in Venice? If so, the average rent price paid by renters in Venice is 685, according to recent statistics.


Diversity And Demographics In Venice, 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 Venice, 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 Venice is 38.4, split between 42.5 percent male versus 57.5 female. The percentage of residents who report being married in Venice is 26, with an average family size of 3.15.

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

White 5.2%
Black / African American 92.1%
Asian 0.7%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2%
Other 0%

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

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

Under 10 14.6%
Aged 10-19 16.4%
20s 13.9%
30s 7.7%
40s 12.5%
50s 10.3%
60s 12.3%
70s 9.7%
80+ 2.6%

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


Pros And Cons Of Living In Venice, Illinois

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

  • 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 Venice.


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

Venice, IL Foreclosures


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