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As-is Deals in Ellenboro, NC

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8 Spencer-st-Ellenboro-NC-28040
As-Is Deal
$60,000 List Price

Spencer St
Ellenboro, NC 28040

2 Bed | 1 Bath

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Home Value Estimator For Ellenboro, NC

There are currently 1,886 real estate properties in Ellenboro, NC, with a median automated valuation model (AVM) price of $118,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ellenboro, NC, 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 Ellenboro, NC, is $141,898.00, with the most expensive house in Ellenboro, NC, topping out at $944,900.00 and the cheapest home in Ellenboro, NC, clocking in at $18,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Ellenboro, NC!


Rent Prices In Ellenboro, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ellenboro, NC, is on a rollercoaster ride. The average rent price in Ellenboro, NC, is $925.00. Indeed, when looking to rent in Ellenboro, NC, you can expect to pay as little as $450.00 or as much as $2,580.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Ellenboro, NC -- 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.


Foreclosure Homes in Ellenboro, NC

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Ellenboro, NC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Ellenboro, NC and much more. Save thousands at closing with home foreclosure listings in Ellenboro, NC — up to 75% off market value!


Top Reasons To Live In Ellenboro, NC In 2021

Ellenboro is located in Rutherford, North Carolina, with an estimated municipal population of 832 residents. All of the best foreclosed homes for sale in Ellenboro are located in the following zip code areas on Foreclosure.com: 28040. The estimated population per square kilometer (.62 miles) in Ellenboro is 253.


Cost Of Living In Ellenboro, NC

So, about how much do homes cost in Ellenboro? The most recent median value of resident-owned homes in Ellenboro is 75,334. An estimated 62 percent of households in Ellenboro own their homes, with an average family size of 3.33. The median household income in Ellenboro is 29,219, with3.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ellenboro, the median commute time of resident workers (in minutes) is 29.2. And last, but certainly not least, are you looking for homes to rent in Ellenboro? If so, the average rent price paid by renters in Ellenboro is 715, according to recent statistics.


Diversity And Demographics In Ellenboro, North Carolina

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 Ellenboro, 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 Ellenboro is 39, split between 53.7 percent male versus 46.3 female. The percentage of residents who report being married in Ellenboro is 38.8, with an average family size of 3.33.

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

White 87.7%
Black / African American 11.3%
Asian 0.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 0.1%

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

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

Under 10 8.8%
Aged 10-19 16.4%
20s 15.8%
30s 11.1%
40s 9.1%
50s 14.5%
60s 15.4%
70s 7.3%
80+ 1.7%

Best Schools In Ellenboro, North Carolina

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


Pros And Cons Of Living In Ellenboro, North Carolina

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

  • 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 Ellenboro.


Reasons To Move To Ellenboro, North Carolina, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ellenboro can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ellenboro, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Ellenboro, NC

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