There are currently 55 real estate properties in Booneville, KY, with a median automated valuation model (AVM) price of $63,663.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Booneville, KY, 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 Booneville, KY, is $89,859.00, with the most expensive house in Booneville, KY, topping out at $502,000.00 and the cheapest home in Booneville, KY, clocking in at $11,137.00. In other words, there’s something for every potential homebuyer or savvy investor in Booneville, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Booneville, KY, is on a rollercoaster ride. The average rent price in Booneville, KY, is $706.00. Indeed, when looking to rent in Booneville, KY, you can expect to pay as little as $410.00 or as much as $1,310.00, with the average rent median estimated to be $670.00. The good news is that finding an affordable and desirable property to rent in Booneville, KY -- 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.
Booneville is located in Owsley, Kentucky, with an estimated municipal population of 158 residents. All of the best foreclosed homes for sale in Booneville are located in the following zip code areas on Foreclosure.com: 41314. The estimated population per square kilometer (.62 miles) in Booneville is 42.
So, about how much do homes cost in Booneville? The most recent median value of resident-owned homes in Booneville is 91,353. An estimated 50 percent of households in Booneville own their homes, with an average family size of 4.28. The median household income in Booneville is 50,714, with5.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Booneville, the median commute time of resident workers (in minutes) is 29.3.
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 Booneville, 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 Booneville is 34.4, split between 35.4 percent male versus 64.6 female. The percentage of residents who report being married in Booneville is 60.2, with an average family size of 4.28.
The percentage of residents who report their race in Booneville is as follows:
| White | 95.2% |
| Black / African American | 0% |
| Asian | 4.8% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Booneville? Or maybe you are searching for 55+ active adult communities in and/or near Booneville?
The percentage of residents who report their age in Booneville is as follows:
| Under 10 | 26.5% |
| Aged 10-19 | 4.1% |
| 20s | 6.1% |
| 30s | 23.1% |
| 40s | 1.4% |
| 50s | 12.3% |
| 60s | 15.6% |
| 70s | 9.5% |
| 80+ | 1.4% |
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 Booneville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Booneville.
How do you know that living in -- or moving to -- Booneville is right where you need to be? Perhaps you grew up in Booneville or already live nearby; therefore, the decision to buy a home in Booneville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Booneville 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 Booneville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Booneville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Booneville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Booneville, meanwhile, can field multiple offers from more qualified buyers.
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