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Foreclosures in Woodlawn, IL

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Home Value Estimator For Woodlawn, IL

There are currently 476 real estate properties in Woodlawn, IL, with a median automated valuation model (AVM) price of $112,580.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Woodlawn, 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 Woodlawn, IL, is $129,981.00, with the most expensive house in Woodlawn, IL, topping out at $777,613.00 and the cheapest home in Woodlawn, IL, clocking in at $14,520.00. In other words, there’s something for every potential homebuyer or savvy investor in Woodlawn, IL!


Rent Prices In Woodlawn, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Woodlawn, IL, is on a rollercoaster ride. The average rent price in Woodlawn, IL, is $1,105.00. Indeed, when looking to rent in Woodlawn, IL, you can expect to pay as little as $570.00 or as much as $1,880.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Woodlawn, 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 Woodlawn, IL In 2024

Woodlawn is located in Jefferson, Illinois, with an estimated municipal population of 682 residents. All of the best foreclosed homes for sale in Woodlawn are located in the following zip code areas on Foreclosure.com: 62898. The estimated population per square kilometer (.62 miles) in Woodlawn is 309.


Cost Of Living In Woodlawn, IL

So, about how much do homes cost in Woodlawn? The most recent median value of resident-owned homes in Woodlawn is 97,996. An estimated 82.3 percent of households in Woodlawn own their homes, with an average family size of 3.23. The median household income in Woodlawn is 57,917, with12.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Woodlawn, the median commute time of resident workers (in minutes) is 24.7. And last, but certainly not least, are you looking for homes to rent in Woodlawn? If so, the average rent price paid by renters in Woodlawn is 625, according to recent statistics.


Diversity And Demographics In Woodlawn, 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 Woodlawn, 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 Woodlawn is 34.8, split between 42.5 percent male versus 57.5 female. The percentage of residents who report being married in Woodlawn is 58, with an average family size of 3.23.

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

White 94.2%
Black / African American 1.2%
Asian 0.5%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.1%
Other 0.8%

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

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

Under 10 24.9%
Aged 10-19 8.1%
20s 13.8%
30s 11.5%
40s 9.8%
50s 13%
60s 8.7%
70s 7.2%
80+ 3%

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


Pros And Cons Of Living In Woodlawn, Illinois

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

  • 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 Woodlawn.


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

Woodlawn, IL Foreclosures


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