Short Sale Listings in Brookneal, VA

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View this home at Hunter Rd Brookneal VA 24528
$59,440 EMV
Hunter Rd
Brookneal, VA 24528
3 |
EST. RENT: $830
AUCTION: 05-14-2024
3 |
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Home Value Estimator For Brookneal, VA

There are currently 1,040 real estate properties in Brookneal, VA, with a median automated valuation model (AVM) price of $142,159.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Brookneal, VA, 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 Brookneal, VA, is $164,866.00, with the most expensive house in Brookneal, VA, topping out at $2,635,036.00 and the cheapest home in Brookneal, VA, clocking in at $14,010.00. In other words, there’s something for every potential homebuyer or savvy investor in Brookneal, VA!

Rent Prices In Brookneal, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Brookneal, VA, is on a rollercoaster ride. The average rent price in Brookneal, VA, is $922.00. Indeed, when looking to rent in Brookneal, VA, you can expect to pay as little as $560.00 or as much as $1,870.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Brookneal, VA -- 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 Brookneal, VA In 2024

Brookneal is located in Campbell, Virginia, with an estimated municipal population of 1,098 residents. All of the best foreclosed homes for sale in Brookneal are located in the following zip code areas on 24528. The estimated population per square kilometer (.62 miles) in Brookneal is 121.

Cost Of Living In Brookneal, VA

So, about how much do homes cost in Brookneal? The most recent median value of resident-owned homes in Brookneal is 85,287. An estimated 58 percent of households in Brookneal own their homes, with an average family size of 2.83. The median household income in Brookneal is 40,000, with7.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Brookneal, the median commute time of resident workers (in minutes) is 30.3. And last, but certainly not least, are you looking for homes to rent in Brookneal? If so, the average rent price paid by renters in Brookneal is 778, according to recent statistics.

Diversity And Demographics In Brookneal, Virginia

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 Brookneal, 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 Brookneal is 47.4, split between 38.6 percent male versus 61.4 female. The percentage of residents who report being married in Brookneal is 40.1, with an average family size of 2.83.

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

White 49.5%
Black / African American 47.7%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 0%

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

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

Under 10 8.5%
Aged 10-19 13.2%
20s 8.4%
30s 11.7%
40s 10%
50s 16.6%
60s 15.6%
70s 10.2%
80+ 6%

Best Schools In Brookneal, Virginia

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

Pros And Cons Of Living In Brookneal, Virginia

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

  • 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 Brookneal.

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

Brookneal, VA Short Sale Listings


Listing types in Brookneal, VA

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