October's First-Time Homebuyer Report for Nokomis

Nokomis has a younger population than other areas in Illinois with a median age of 40 years. It is also much less affluent than average with a median income of $38,016 per household. The Nokomis market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The top school in the city is Nokomis Jr/Sr High Schoolool School.

Price Range

Nokomis has some of the more affordable homes in the state with a median home value of $57,300 and a current average list price of $66,604. The Nokomis market looked solid this week as sales climbed 100.0% to reach two homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months.

Typical Dwelling

The typical dwelling in Nokomis is a three-bedroom detached home worth about $66,959. To purchase a similar home, a buyer with good credit and a $13,392 cash down payment could obtain a mortgage with a 3.95% interest rate and a $233 monthly payment. The property tax rate is $13.81 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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