Cheap Homes in Wauconda, IL

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Wauconda, IL Foreclosures

How much do homes sell for in Wauconda, IL?
The average home price is currently $315,847.
In Wauconda, IL, how many homes are available?
There are currently 6,024 active home listings available in Wauconda.
What’s the average rental cost in Wauconda, IL?
The average rental price in Wauconda is $1,731.
What is the most expensive home in Wauconda, Illinois?
The most expensive home sold in Wauconda had a price of $3,530,600.
What is currently the cheapest priced home in Wauconda, IL?
The cheapest home for sale in Wauconda is priced at $16,414.

Home Value Estimator For Wauconda, IL

There are currently 6,024 real estate properties in Wauconda, IL, with a median automated valuation model (AVM) price of $303,149.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wauconda, 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 Wauconda, IL, is $315,847.00, with the most expensive house in Wauconda, IL, topping out at $3,530,600.00 and the cheapest home in Wauconda, IL, clocking in at $16,414.00. In other words, there’s something for every potential homebuyer or savvy investor in Wauconda, IL!

Rent Prices In Wauconda, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wauconda, IL, is on a rollercoaster ride. The average rent price in Wauconda, IL, is $1,731.00. Indeed, when looking to rent in Wauconda, IL, you can expect to pay as little as $890.00 or as much as $3,980.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Wauconda, 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 Wauconda, IL In 2024

Wauconda is located in Lake, Illinois, with an estimated municipal population of 13,504 residents. All of the best foreclosed homes for sale in Wauconda are located in the following zip code areas on 60084. The estimated population per square kilometer (.62 miles) in Wauconda is 1,027.

Cost Of Living In Wauconda, IL

So, about how much do homes cost in Wauconda? The most recent median value of resident-owned homes in Wauconda is 223,852. An estimated 74.2 percent of households in Wauconda own their homes, with an average family size of 3.1. The median household income in Wauconda is 81,313, with40.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wauconda, the median commute time of resident workers (in minutes) is 33.1. And last, but certainly not least, are you looking for homes to rent in Wauconda? If so, the average rent price paid by renters in Wauconda is 1,166, according to recent statistics.

Diversity And Demographics In Wauconda, 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 Wauconda, 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 Wauconda is 38.4, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Wauconda is 58, with an average family size of 3.1.

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

White 85.2%
Black / African American 0.9%
Asian 4.5%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.9%
Other 6.5%

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

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

Under 10 11.8%
Aged 10-19 13.3%
20s 12%
30s 15.3%
40s 11.6%
50s 15.8%
60s 10.7%
70s 7.7%
80+ 1.8%

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

Pros And Cons Of Living In Wauconda, Illinois

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

  • 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 Wauconda.

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

Cheap Homes in Wauconda, IL


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