Bankruptcy Homes in Thornwood, NY

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Home Value Estimator For Thornwood, NY

There are currently 1,524 real estate properties in Thornwood, NY, with a median automated valuation model (AVM) price of $811,885.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Thornwood, NY, 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 Thornwood, NY, is $828,451.00, with the most expensive house in Thornwood, NY, topping out at $2,593,900.00 and the cheapest home in Thornwood, NY, clocking in at $223,360.00. In other words, there’s something for every potential homebuyer or savvy investor in Thornwood, NY!

Rent Prices In Thornwood, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Thornwood, NY, is on a rollercoaster ride. The average rent price in Thornwood, NY, is $3,736.00. Indeed, when looking to rent in Thornwood, NY, you can expect to pay as little as $2,160.00 or as much as $6,410.00, with the average rent median estimated to be $3,700.00. The good news is that finding an affordable and desirable property to rent in Thornwood, NY -- 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 Thornwood, NY In 2024

Thornwood is located in Westchester, New York, with an estimated municipal population of 4,186 residents. All of the best foreclosed homes for sale in Thornwood are located in the following zip code areas on 10594. The estimated population per square kilometer (.62 miles) in Thornwood is 1,446.

Cost Of Living In Thornwood, NY

So, about how much do homes cost in Thornwood? The most recent median value of resident-owned homes in Thornwood is 605,141. An estimated 77.8 percent of households in Thornwood own their homes, with an average family size of 3.53. The median household income in Thornwood is 124,750, with66.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Thornwood, the median commute time of resident workers (in minutes) is 31.1. And last, but certainly not least, are you looking for homes to rent in Thornwood? If so, the average rent price paid by renters in Thornwood is 1,722, according to recent statistics.

Diversity And Demographics In Thornwood, New York

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 Thornwood, 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 Thornwood is 40.7, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Thornwood is 57.9, with an average family size of 3.53.

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

White 85.8%
Black / African American 3.9%
Asian 4.6%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 5.4%

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

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

Under 10 11%
Aged 10-19 11.2%
20s 16%
30s 10%
40s 14.5%
50s 14.2%
60s 12.2%
70s 6.3%
80+ 4.6%

Best Schools In Thornwood, New York

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

Pros And Cons Of Living In Thornwood, New York

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

  • 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 Thornwood.

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

Thornwood, NY Bankruptcy Homes


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