There are currently 529 real estate properties in Cold Brook, NY, with a median automated valuation model (AVM) price of $163,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cold Brook, 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 Cold Brook, NY, is $250,149.00, with the most expensive house in Cold Brook, NY, topping out at $2,364,872.00 and the cheapest home in Cold Brook, NY, clocking in at $25,646.00. In other words, there’s something for every potential homebuyer or savvy investor in Cold Brook, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cold Brook, NY, is on a rollercoaster ride. The average rent price in Cold Brook, NY, is $1,391.00. Indeed, when looking to rent in Cold Brook, NY, you can expect to pay as little as $930.00 or as much as $2,850.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Cold Brook, 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.
Cold Brook is located in Herkimer, New York, with an estimated municipal population of 306 residents. All of the best foreclosed homes for sale in Cold Brook are located in the following zip code areas on Foreclosure.com: 13324. The estimated population per square kilometer (.62 miles) in Cold Brook is 269.
So, about how much do homes cost in Cold Brook? The most recent median value of resident-owned homes in Cold Brook is 97,317. An estimated 86.5 percent of households in Cold Brook own their homes, with an average family size of 3.25. The median household income in Cold Brook is 32,500, with17.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cold Brook, the median commute time of resident workers (in minutes) is 23.3. And last, but certainly not least, are you looking for homes to rent in Cold Brook? If so, the average rent price paid by renters in Cold Brook is 820, 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 Cold Brook, 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 Cold Brook is 30.4, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Cold Brook is 29.6, with an average family size of 3.25.
The percentage of residents who report their race in Cold Brook is as follows:
| White | 98.6% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.4% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Cold Brook? Or maybe you are searching for 55+ active adult communities in and/or near Cold Brook?
The percentage of residents who report their age in Cold Brook is as follows:
| Under 10 | 13.2% |
| Aged 10-19 | 23.9% |
| 20s | 11.1% |
| 30s | 9.7% |
| 40s | 10% |
| 50s | 11.1% |
| 60s | 13.9% |
| 70s | 5.2% |
| 80+ | 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 Cold Brook with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cold Brook.
How do you know that living in -- or moving to -- Cold Brook is right where you need to be? Perhaps you grew up in Cold Brook or already live nearby; therefore, the decision to buy a home in Cold Brook is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cold Brook 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 Cold Brook:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cold Brook.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cold Brook can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cold Brook, meanwhile, can field multiple offers from more qualified buyers.
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