Essex First-Time Homebuyer Report for October

With 802 residents, Essex is an average-sized city in Illinois. Also, with a 10.1% increase over the last 10 years, its population is growing faster than other parts of the state. Essex is made up of homes that are relatively old with a median of 34 years.

Price Range

Homes in Essex are generally more expensive than others in the state with a median home value of $130,300 and an average list price of $190,427. The Essex market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at one.

Curious as to which homes have been getting the most attention in Essex? These listings have stirred up interest and produced the most views:

$199K   $174K   $144K  

Typical Dwelling

The typical dwelling in Essex is a three-bedroom detached home worth about $177,610. To purchase a similar home, a buyer with good credit and a $35,522 cash down payment could obtain a mortgage with a 3.95% interest rate and a $645 monthly payment. The property tax rate is $18.98 per $1,000 of taxable assessed value.

Get started right now by checking out Essex homes for sale or reviewing Essex real estate trends.


Data reported through 10/13/2016

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