Cheap Homes in Washington, IL

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Washington, IL Foreclosures

How much do homes sell for in Washington, IL?
The average home price is currently $221,026.
In Washington, IL, how many homes are available?
There are currently 9,236 active home listings available in Washington.
What’s the average rental cost in Washington, IL?
The average rental price in Washington is $1,462.
What is the most expensive home in Washington, Illinois?
The most expensive home sold in Washington had a price of $2,475,300.
What is currently the cheapest priced home in Washington, IL?
The cheapest home for sale in Washington is priced at $16,502.

Home Value Estimator For Washington, IL

There are currently 9,236 real estate properties in Washington, IL, with a median automated valuation model (AVM) price of $182,597.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Washington, 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 Washington, IL, is $221,026.00, with the most expensive house in Washington, IL, topping out at $2,475,300.00 and the cheapest home in Washington, IL, clocking in at $16,502.00. In other words, there’s something for every potential homebuyer or savvy investor in Washington, IL!

Rent Prices In Washington, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Washington, IL, is on a rollercoaster ride. The average rent price in Washington, IL, is $1,462.00. Indeed, when looking to rent in Washington, IL, you can expect to pay as little as $690.00 or as much as $2,960.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Washington, 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 Washington, IL In 2024

Washington is located in Tazewell, Illinois, with an estimated municipal population of 16,516 residents. All of the best foreclosed homes for sale in Washington are located in the following zip code areas on 61571. The estimated population per square kilometer (.62 miles) in Washington is 754.

Cost Of Living In Washington, IL

So, about how much do homes cost in Washington? The most recent median value of resident-owned homes in Washington is 180,697. An estimated 79.1 percent of households in Washington own their homes, with an average family size of 3.06. The median household income in Washington is 76,508, with35.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Washington, the median commute time of resident workers (in minutes) is 21. And last, but certainly not least, are you looking for homes to rent in Washington? If so, the average rent price paid by renters in Washington is 947, according to recent statistics.

Diversity And Demographics In Washington, 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 Washington, 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 Washington is 38.8, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Washington is 60.8, with an average family size of 3.06.

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

White 95%
Black / African American 0.4%
Asian 1.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0.7%

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

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

Under 10 16.2%
Aged 10-19 12.7%
20s 10.3%
30s 13.2%
40s 13.5%
50s 11.2%
60s 9.8%
70s 6.9%
80+ 6.4%

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

Pros And Cons Of Living In Washington, Illinois

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

  • 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 Washington.

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

Cheap Homes in Washington, IL


Listing types in Washington, IL

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