There are currently 2,096 real estate properties in Grottoes, VA, with a median automated valuation model (AVM) price of $260,730.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Grottoes, VA, 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 Grottoes, VA, is $306,555.00, with the most expensive house in Grottoes, VA, topping out at $2,856,220.00 and the cheapest home in Grottoes, VA, clocking in at $17,688.00. In other words, there’s something for every potential homebuyer or savvy investor in Grottoes, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grottoes, VA, is on a rollercoaster ride. The average rent price in Grottoes, VA, is $1,201.00. Indeed, when looking to rent in Grottoes, VA, you can expect to pay as little as $610.00 or as much as $2,460.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Grottoes, VA -- 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.
Grottoes is located in Rockingham, Virginia, with an estimated municipal population of 2,860 residents. All of the best foreclosed homes for sale in Grottoes are located in the following zip code areas on Foreclosure.com: 24441. The estimated population per square kilometer (.62 miles) in Grottoes is 541.
So, about how much do homes cost in Grottoes? The most recent median value of resident-owned homes in Grottoes is 169,694. An estimated 76.3 percent of households in Grottoes own their homes, with an average family size of 2.77. The median household income in Grottoes is 53,750, with18.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Grottoes, the median commute time of resident workers (in minutes) is 23.3. And last, but certainly not least, are you looking for homes to rent in Grottoes? If so, the average rent price paid by renters in Grottoes is 813, according to recent statistics.
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 Grottoes, 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 Grottoes is 40.9, split between 45.1 percent male versus 54.9 female. The percentage of residents who report being married in Grottoes is 58, with an average family size of 2.77.
The percentage of residents who report their race in Grottoes is as follows:
| White | 95% |
| Black / African American | 2% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.8% |
| Other | 2.2% |
Looking for family-friendly neighborhoods in and/or near Grottoes? Or maybe you are searching for 55+ active adult communities in and/or near Grottoes?
The percentage of residents who report their age in Grottoes is as follows:
| Under 10 | 12% |
| Aged 10-19 | 12.4% |
| 20s | 13.1% |
| 30s | 11.7% |
| 40s | 15% |
| 50s | 14.1% |
| 60s | 10.6% |
| 70s | 8.7% |
| 80+ | 2.4% |
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 Grottoes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Grottoes.
How do you know that living in -- or moving to -- Grottoes is right where you need to be? Perhaps you grew up in Grottoes or already live nearby; therefore, the decision to buy a home in Grottoes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Grottoes 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 Grottoes:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Grottoes.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Grottoes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Grottoes, meanwhile, can field multiple offers from more qualified buyers.
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