Bankruptcy Homes in Zion, IL

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Home Value Estimator For Zion, IL

There are currently 7,138 real estate properties in Zion, IL, with a median automated valuation model (AVM) price of $194,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Zion, 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 Zion, IL, is $204,096.00, with the most expensive house in Zion, IL, topping out at $2,587,639.00 and the cheapest home in Zion, IL, clocking in at $14,609.00. In other words, there’s something for every potential homebuyer or savvy investor in Zion, IL!

Rent Prices In Zion, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Zion, IL, is on a rollercoaster ride. The average rent price in Zion, IL, is $1,339.00. Indeed, when looking to rent in Zion, IL, you can expect to pay as little as $820.00 or as much as $3,080.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Zion, 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 Zion, IL In 2024

Zion is located in Lake, Illinois, with an estimated municipal population of 23,487 residents. All of the best foreclosed homes for sale in Zion are located in the following zip code areas on 60099. The estimated population per square kilometer (.62 miles) in Zion is 926.

Cost Of Living In Zion, IL

So, about how much do homes cost in Zion? The most recent median value of resident-owned homes in Zion is 124,003. An estimated 56.5 percent of households in Zion own their homes, with an average family size of 3.56. The median household income in Zion is 51,702, with21 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Zion, the median commute time of resident workers (in minutes) is 30. And last, but certainly not least, are you looking for homes to rent in Zion? If so, the average rent price paid by renters in Zion is 1,013, according to recent statistics.

Diversity And Demographics In Zion, 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 Zion, 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 Zion is 32.1, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Zion is 40.5, with an average family size of 3.56.

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

White 53%
Black / African American 30.2%
Asian 4.3%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.5%
Other 6.8%

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

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

Under 10 15.5%
Aged 10-19 14.8%
20s 16.8%
30s 12.1%
40s 12.2%
50s 11.7%
60s 8.9%
70s 4%
80+ 3.8%

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

Pros And Cons Of Living In Zion, Illinois

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

  • 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 Zion.

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

Zion, IL Bankruptcy Homes


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