City:

Momence, IL

Momence is a city in the state of illinois with a population of roughly 5,820. It is in Kankakee County, Illinois the Kankakee, IL core-based statistical areas (CBSA), and the Chicago-Naperville, IL-IN-WI combined statistical area (CSA).Its Zip codes include 60954 .

Trends in Home Prices in Momence, IL

Real estate in Momence, IL is a hot commodity. With a population of just over 10,000 people, Momence offers homeownership opportunities as well as rental properties. The city is located in Mc Henry County and is easily accessible by both I-88 and I-90.

The median home price in Momence was $183,500 in 2017. This represents an increase of 6% from 2016 and indicates that the market is stable and growing. In addition to the median home price, Momence also has a low unemployment rate (3%) and high incomes (median household income was $92,600). These factors are likely contributing to the stability of the real estate market in Momence.

One important factor to consider when purchasing or selling a home in Momence is zoning regulations. The city has three zoning districts: R1A for single-family homes; R2 for two-family homes with up to four units; and C-3 for commercial uses such as office buildings or retail stores. Each district has specific regulations that must be followed when buying or selling a property within that district. For example, single-family homes in R1A must have at least 2 acres of land while two-family homes in R2 can have up to four units on one property. It’s important to consult with an experienced real estate agent if you are interested in purchasing or selling a property in Momence.

Price Index: Kankakee, IL

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