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Rent To Own Homes in Rumford, RI

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5 View this home at Sutcliffe Cir Rumford RI 02916
Preforeclosure
VIEW DETAILS
$372,906 EMV
Sutcliffe Cir
Rumford, RI 02916
Single-Family
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3 |
2
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1,296
EST. RENT: $1,790
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AUCTION: 04-05-2024
Single-Family
|
3 |
2
|
1,296
Displaying 1 - 1 of 1
 

Home Value Estimator For Rumford, RI

There are currently 2,901 real estate properties in Rumford, RI, with a median automated valuation model (AVM) price of $407,872.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rumford, RI, 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 Rumford, RI, is $434,081.00, with the most expensive house in Rumford, RI, topping out at $1,803,987.00 and the cheapest home in Rumford, RI, clocking in at $72,804.00. In other words, there’s something for every potential homebuyer or savvy investor in Rumford, RI!


Rent Prices In Rumford, RI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rumford, RI, is on a rollercoaster ride. The average rent price in Rumford, RI, is $1,763.00. Indeed, when looking to rent in Rumford, RI, you can expect to pay as little as $1,000.00 or as much as $2,760.00, with the average rent median estimated to be $1,790.00. The good news is that finding an affordable and desirable property to rent in Rumford, RI -- 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 Rumford, RI In 2024

All of the best foreclosed homes for sale in Rumford are located in the following zip code areas on Foreclosure.com: 02916. The estimated population per square kilometer (.62 miles) in Rumford is 1,558.9.


Diversity And Demographics In Rumford, Rhode Island

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 Rumford, 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.

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


Best Schools In Rumford, Rhode Island

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


Pros And Cons Of Living In Rumford, Rhode Island

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

  • 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 Rumford.


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

Rumford, RI Rent To Own Homes


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