There are currently 4,076 real estate properties in Wood River, IL, with a median automated valuation model (AVM) price of $113,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wood River, 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 Wood River, IL, is $130,749.00, with the most expensive house in Wood River, IL, topping out at $1,380,200.00 and the cheapest home in Wood River, IL, clocking in at $25,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Wood River, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wood River, IL, is on a rollercoaster ride. The average rent price in Wood River, IL, is $1,089.00. Indeed, when looking to rent in Wood River, IL, you can expect to pay as little as $570.00 or as much as $2,300.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Wood River, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Wood River, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Wood River, IL and much more. Save thousands at closing with home foreclosure listings in Wood River, IL — up to 75% off market value!
Wood River is located in Madison, Illinois, with an estimated municipal population of 10,051 residents. All of the best foreclosed homes for sale in Wood River are located in the following zip code areas on Foreclosure.com: 62024 62095. The estimated population per square kilometer (.62 miles) in Wood River is 554.
So, about how much do homes cost in Wood River? The most recent median value of resident-owned homes in Wood River is 81,539. An estimated 64.6 percent of households in Wood River own their homes, with an average family size of 2.95. The median household income in Wood River is 46,860, with16.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wood River, the median commute time of resident workers (in minutes) is 23.8. And last, but certainly not least, are you looking for homes to rent in Wood River? If so, the average rent price paid by renters in Wood River is 779, according to recent statistics.
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 Wood River, 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 Wood River is 35, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in Wood River is 41.2, with an average family size of 2.95.
The percentage of residents who report their race in Wood River is as follows:
|Black / African American||4.4%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Wood River? Or maybe you are searching for 55+ active adult communities in and/or near Wood River?
The percentage of residents who report their age in Wood River is as follows:
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 Wood River with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wood River.
How do you know that living in -- or moving to -- Wood River is right where you need to be? Perhaps you grew up in Wood River or already live nearby; therefore, the decision to buy a home in Wood River is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wood River 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 Wood River:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wood River.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wood River can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wood River, meanwhile, can field multiple offers from more qualified buyers.
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