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Rent To Own Homes in Bonanza, OR

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Home Value Estimator For Bonanza, OR

There are currently 862 real estate properties in Bonanza, OR, with a median automated valuation model (AVM) price of $193,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bonanza, OR, 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 Bonanza, OR, is $310,256.00, with the most expensive house in Bonanza, OR, topping out at $7,274,191.00 and the cheapest home in Bonanza, OR, clocking in at $12,121.00. In other words, there’s something for every potential homebuyer or savvy investor in Bonanza, OR!


Rent Prices In Bonanza, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bonanza, OR, is on a rollercoaster ride. The average rent price in Bonanza, OR, is $1,034.00. Indeed, when looking to rent in Bonanza, OR, you can expect to pay as little as $500.00 or as much as $2,620.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Bonanza, OR -- 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 Bonanza, OR In 2024

Bonanza is located in Klamath, Oregon, with an estimated municipal population of 426 residents. All of the best foreclosed homes for sale in Bonanza are located in the following zip code areas on Foreclosure.com: 97623. The estimated population per square kilometer (.62 miles) in Bonanza is 200.


Cost Of Living In Bonanza, OR

So, about how much do homes cost in Bonanza? The most recent median value of resident-owned homes in Bonanza is 146,037. An estimated 66.8 percent of households in Bonanza own their homes, with an average family size of 2.81. The median household income in Bonanza is 54,063, with29.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bonanza, the median commute time of resident workers (in minutes) is 23.4. And last, but certainly not least, are you looking for homes to rent in Bonanza? If so, the average rent price paid by renters in Bonanza is 867, according to recent statistics.


Diversity And Demographics In Bonanza, Oregon

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 Bonanza, 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 Bonanza is 51, split between 56.3 percent male versus 43.8 female. The percentage of residents who report being married in Bonanza is 55.1, with an average family size of 2.81.

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

White 93.1%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.6%
Multi-racial 1.5%
Other 4.7%

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

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

Under 10 4.8%
Aged 10-19 18.3%
20s 6.2%
30s 8%
40s 11.4%
50s 20.5%
60s 20.7%
70s 8%
80+ 2.2%

Best Schools In Bonanza, Oregon

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


Pros And Cons Of Living In Bonanza, Oregon

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

  • 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 Bonanza.


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

Bonanza, OR Rent To Own Homes


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