Foreclosures in Vernon Hills, IL

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Home Value Estimator For Vernon Hills, IL

There are currently 8,688 real estate properties in Vernon Hills, IL, with a median automated valuation model (AVM) price of $376,266.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Vernon Hills, 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 Vernon Hills, IL, is $406,616.00, with the most expensive house in Vernon Hills, IL, topping out at $4,966,442.00 and the cheapest home in Vernon Hills, IL, clocking in at $32,920.00. In other words, there’s something for every potential homebuyer or savvy investor in Vernon Hills, IL!

Rent Prices In Vernon Hills, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Vernon Hills, IL, is on a rollercoaster ride. The average rent price in Vernon Hills, IL, is $2,265.00. Indeed, when looking to rent in Vernon Hills, IL, you can expect to pay as little as $910.00 or as much as $4,560.00, with the average rent median estimated to be $2,250.00. The good news is that finding an affordable and desirable property to rent in Vernon Hills, 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 Vernon Hills, IL In 2024

Vernon Hills is located in Lake, Illinois, with an estimated municipal population of 26,521 residents. All of the best foreclosed homes for sale in Vernon Hills are located in the following zip code areas on 60061. The estimated population per square kilometer (.62 miles) in Vernon Hills is 1,322.

Cost Of Living In Vernon Hills, IL

So, about how much do homes cost in Vernon Hills? The most recent median value of resident-owned homes in Vernon Hills is 345,248. An estimated 64.4 percent of households in Vernon Hills own their homes, with an average family size of 3.25. The median household income in Vernon Hills is 104,199, with52 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Vernon Hills, the median commute time of resident workers (in minutes) is 29.6. And last, but certainly not least, are you looking for homes to rent in Vernon Hills? If so, the average rent price paid by renters in Vernon Hills is 1,609, according to recent statistics.

Diversity And Demographics In Vernon Hills, 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 Vernon Hills, 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 Vernon Hills is 39.1, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Vernon Hills is 59.5, with an average family size of 3.25.

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

White 65.8%
Black / African American 2.7%
Asian 23.6%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.8%
Other 4%

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

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

Under 10 12.4%
Aged 10-19 16.7%
20s 8.9%
30s 13.3%
40s 16.8%
50s 13.4%
60s 9.5%
70s 5.6%
80+ 3.4%

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

Pros And Cons Of Living In Vernon Hills, Illinois

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

  • 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 Vernon Hills.

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

Vernon Hills, IL Foreclosures


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