Waterman First-Time Homebuyer Report for October

Waterman is a city that is growing faster than others in Illinois at a 10-year growth rate of 11.6%. It also has an average-sized population of 1,506 people. Waterman is made up of homes that are considered older than most with a median of 48 years. Topping the list of best schools in the city is Waterman Elementary School.

Price Range

The median value of homes in Waterman is $168,600, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $143,677. Over the last 30 days, a determined upward sales trend continued in the Waterman market, even as sales fell to two this week.

Make sure you take a look at these eye-catching homes in Waterman that generated the most views from potential buyers:

$169K   $179K   $169K  

Typical Dwelling

A three-bedroom detached home valued around $149,427 is considered a typical dwelling in Waterman. If a buyer was looking for a similar home, they would need good credit and a $29,885 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $899 and the property tax rate is $21.01 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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