There are currently 409 real estate properties in Lott, TX, with a median automated valuation model (AVM) price of $213,271.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lott, TX, 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 Lott, TX, is $399,155.00, with the most expensive house in Lott, TX, topping out at $8,966,700.00 and the cheapest home in Lott, TX, clocking in at $29,340.00. In other words, there’s something for every potential homebuyer or savvy investor in Lott, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lott, TX, is on a rollercoaster ride. The average rent price in Lott, TX, is $1,369.00. Indeed, when looking to rent in Lott, TX, you can expect to pay as little as $670.00 or as much as $3,020.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Lott, TX -- 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.
Lott is located in Falls, Texas, with an estimated municipal population of 742 residents. All of the best foreclosed homes for sale in Lott are located in the following zip code areas on Foreclosure.com: 76656. The estimated population per square kilometer (.62 miles) in Lott is 283.
So, about how much do homes cost in Lott? The most recent median value of resident-owned homes in Lott is 53,038. An estimated 65.1 percent of households in Lott own their homes, with an average family size of 4.51. The median household income in Lott is 37,596, with11.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lott, the median commute time of resident workers (in minutes) is 29.6. And last, but certainly not least, are you looking for homes to rent in Lott? If so, the average rent price paid by renters in Lott is 517, 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 Lott, 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 Lott is 36.9, split between 53.1 percent male versus 46.9 female. The percentage of residents who report being married in Lott is 43.3, with an average family size of 4.51.
The percentage of residents who report their race in Lott is as follows:
White | 71.4% |
Black / African American | 16.5% |
Asian | 0% |
American Indian / Alaskan Native | 6.4% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 3.9% |
Other | 1.9% |
Looking for family-friendly neighborhoods in and/or near Lott? Or maybe you are searching for 55+ active adult communities in and/or near Lott?
The percentage of residents who report their age in Lott is as follows:
Under 10 | 10.8% |
Aged 10-19 | 11.7% |
20s | 12.2% |
30s | 18.1% |
40s | 11.1% |
50s | 12.7% |
60s | 11.5% |
70s | 11.1% |
80+ | 0.9% |
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 Lott with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lott.
How do you know that living in -- or moving to -- Lott is right where you need to be? Perhaps you grew up in Lott or already live nearby; therefore, the decision to buy a home in Lott is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lott 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 Lott:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lott.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lott can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lott, meanwhile, can field multiple offers from more qualified buyers.
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