Rent To Own Homes in Washburn, IL

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Preforeclosure NEW
$88,128 EMV
15 E-walnut-st-Washburn-IL-61570
$95,156 EMV

4 Bed | 2 Bath | 2,000 Sq. Ft.

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Home Value Estimator For Washburn, IL

There are currently 81 real estate properties in Washburn, IL, with a median automated valuation model (AVM) price of $114,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Washburn, 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 Washburn, IL, is $127,728.00, with the most expensive house in Washburn, IL, topping out at $386,200.00 and the cheapest home in Washburn, IL, clocking in at $50,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Washburn, IL!

Rent Prices In Washburn, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Washburn, IL, is on a rollercoaster ride. The average rent price in Washburn, IL, is $1,197.00. Indeed, when looking to rent in Washburn, IL, you can expect to pay as little as $840.00 or as much as $1,850.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Washburn, 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.

Foreclosure Homes in Washburn, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Washburn, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Washburn, IL and much more. Save thousands at closing with home foreclosure listings in Washburn, IL — up to 75% off market value!

Top Reasons To Live In Washburn, IL In 2023

Washburn is located in Woodford, Illinois, with an estimated municipal population of 1,082 residents. All of the best foreclosed homes for sale in Washburn are located in the following zip code areas on 61570. The estimated population per square kilometer (.62 miles) in Washburn is 580.

Cost Of Living In Washburn, IL

So, about how much do homes cost in Washburn? The most recent median value of resident-owned homes in Washburn is 80,315. An estimated 75.3 percent of households in Washburn own their homes, with an average family size of 3.23. The median household income in Washburn is 52,586, with13.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Washburn, the median commute time of resident workers (in minutes) is 31. And last, but certainly not least, are you looking for homes to rent in Washburn? If so, the average rent price paid by renters in Washburn is 756, according to recent statistics.

Diversity And Demographics In Washburn, 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 Washburn, 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 Washburn is 33, split between 50.3 percent male versus 49.7 female. The percentage of residents who report being married in Washburn is 39.8, with an average family size of 3.23.

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

White 98.5%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

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

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

Under 10 16.4%
Aged 10-19 9.7%
20s 18.3%
30s 11.5%
40s 12.2%
50s 10%
60s 13.5%
70s 4.6%
80+ 3.9%

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

Pros And Cons Of Living In Washburn, Illinois

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

  • 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 Washburn.

Reasons To Move To Washburn, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Washburn can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Washburn, meanwhile, can field multiple offers from more qualified buyers.

Washburn, IL Rent To Own Homes


Listing types in Washburn, IL

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