Foreclosure Homes in Winchester, IL

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Winchester, IL Foreclosures

How much do homes sell for in Winchester, IL?
The average home price is currently $116,315.
In Winchester, IL, how many homes are available?
There are currently 800 active home listings available in Winchester.
What’s the average rental cost in Winchester, IL?
The average rental price in Winchester is $1,008.
What is the most expensive home in Winchester, Illinois?
The most expensive home sold in Winchester had a price of $434,909.
What is currently the cheapest priced home in Winchester, IL?
The cheapest home for sale in Winchester is priced at $16,510.

Home Value Estimator For Winchester, IL

There are currently 800 real estate properties in Winchester, IL, with a median automated valuation model (AVM) price of $103,045.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Winchester, 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 Winchester, IL, is $116,315.00, with the most expensive house in Winchester, IL, topping out at $434,909.00 and the cheapest home in Winchester, IL, clocking in at $16,510.00. In other words, there’s something for every potential homebuyer or savvy investor in Winchester, IL!

Rent Prices In Winchester, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Winchester, IL, is on a rollercoaster ride. The average rent price in Winchester, IL, is $1,008.00. Indeed, when looking to rent in Winchester, IL, you can expect to pay as little as $580.00 or as much as $1,650.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Winchester, 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 Winchester, IL In 2024

Winchester is located in Scott, Illinois, with an estimated municipal population of 1,467 residents. All of the best foreclosed homes for sale in Winchester are located in the following zip code areas on 62694. The estimated population per square kilometer (.62 miles) in Winchester is 501.

Cost Of Living In Winchester, IL

So, about how much do homes cost in Winchester? The most recent median value of resident-owned homes in Winchester is 86,316. An estimated 75.1 percent of households in Winchester own their homes, with an average family size of 3.26. The median household income in Winchester is 51,625, with14.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Winchester, the median commute time of resident workers (in minutes) is 26.2. And last, but certainly not least, are you looking for homes to rent in Winchester? If so, the average rent price paid by renters in Winchester is 499, according to recent statistics.

Diversity And Demographics In Winchester, 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 Winchester, 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 Winchester is 39.5, split between 47.3 percent male versus 52.7 female. The percentage of residents who report being married in Winchester is 48.4, with an average family size of 3.26.

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

White 96.2%
Black / African American 0.2%
Asian 0%
American Indian / Alaskan Native 1.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 0.7%

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

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

Under 10 14%
Aged 10-19 12.5%
20s 10.6%
30s 13.5%
40s 9.5%
50s 18.2%
60s 11.2%
70s 6%
80+ 4.4%

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

Pros And Cons Of Living In Winchester, Illinois

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

  • 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 Winchester.

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

Winchester, IL Foreclosures


Listing types in Winchester, IL

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