Bombay is located in Franklin, New York, with an estimated municipal population of 1,099 residents. All of the best foreclosed homes for sale in Bombay are located in the following zip code areas on Foreclosure.com: 12914 12957. The estimated population per square kilometer (.62 miles) in Bombay is 11.
So, about how much do homes cost in Bombay? The most recent median value of resident-owned homes in Bombay is 81,714. An estimated 73.8 percent of households in Bombay own their homes, with an average family size of 3.07. The median household income in Bombay is 45,833, with7.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bombay, the median commute time of resident workers (in minutes) is 27.8. And last, but certainly not least, are you looking for homes to rent in Bombay? If so, the average rent price paid by renters in Bombay is 608, 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 Bombay, 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 Bombay is 38.6, split between 54 percent male versus 46 female. The percentage of residents who report being married in Bombay is 46, with an average family size of 3.07.
The percentage of residents who report their race in Bombay is as follows:
| White | 86.4% |
| Black / African American | 0.1% |
| Asian | 0.4% |
| American Indian / Alaskan Native | 10.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.8% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Bombay? Or maybe you are searching for 55+ active adult communities in and/or near Bombay?
The percentage of residents who report their age in Bombay is as follows:
| Under 10 | 13.8% |
| Aged 10-19 | 15% |
| 20s | 11% |
| 30s | 11.7% |
| 40s | 10.9% |
| 50s | 12.5% |
| 60s | 10.3% |
| 70s | 9.6% |
| 80+ | 5.2% |
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 Bombay with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bombay.
How do you know that living in -- or moving to -- Bombay is right where you need to be? Perhaps you grew up in Bombay or already live nearby; therefore, the decision to buy a home in Bombay is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bombay 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 Bombay:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bombay.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bombay can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bombay, meanwhile, can field multiple offers from more qualified buyers.
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