Foreclosure Homes in Versailles, IL

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View this home at E South St Mount Sterling IL 62353
$103,275 EMV

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View this home at W North St Mount Sterling IL 62353
$61,030 EMV
View this home at 760 E Street Mount Sterling IL 62353
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Top Reasons To Live In Versailles, IL In 2024

Versailles is located in Brown, Illinois, with an estimated municipal population of 458 residents. All of the best foreclosed homes for sale in Versailles are located in the following zip code areas on 62378. The estimated population per square kilometer (.62 miles) in Versailles is 189.

Cost Of Living In Versailles, IL

So, about how much do homes cost in Versailles? The most recent median value of resident-owned homes in Versailles is 70,593. An estimated 80 percent of households in Versailles own their homes, with an average family size of 3.02. The median household income in Versailles is 50,446, with9.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Versailles, the median commute time of resident workers (in minutes) is 17.9. And last, but certainly not least, are you looking for homes to rent in Versailles? If so, the average rent price paid by renters in Versailles is 288, according to recent statistics.

Diversity And Demographics In Versailles, 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 Versailles, 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 Versailles is 47, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Versailles is 63.4, with an average family size of 3.02.

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

White 98.6%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 0%

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

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

Under 10 15.2%
Aged 10-19 7.6%
20s 6.8%
30s 13.6%
40s 15.2%
50s 10.5%
60s 18.1%
70s 7.4%
80+ 5.4%

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

Pros And Cons Of Living In Versailles, Illinois

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

  • 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 Versailles.

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

Versailles, IL Foreclosures


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