Foreclosures in Ellerbe, NC

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5 View this home at N Us Highway 220 Ellerbe NC 28338
$139,109 EMV

4 Bed | 3 Bath | 2,196 Sq. Ft.

View this home at N Us Highway 220 Ellerbe NC 28338
$77,001 EMV

| 3 Bath | 2,280 Sq. Ft.

View this home at Grassy Island Rd Ellerbe NC 28338
5 View this home at N Us Highway 220 Ellerbe NC 28338
$139,109 EMV

4 Bed | 3 Bath | 2,196 Sq. Ft.

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Home Value Estimator For Ellerbe, NC

There are currently 1,112 real estate properties in Ellerbe, NC, with a median automated valuation model (AVM) price of $118,821.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ellerbe, 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 Ellerbe, NC, is $159,127.00, with the most expensive house in Ellerbe, NC, topping out at $2,452,955.00 and the cheapest home in Ellerbe, NC, clocking in at $5,993.00. In other words, there’s something for every potential homebuyer or savvy investor in Ellerbe, NC!

Rent Prices In Ellerbe, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ellerbe, NC, is on a rollercoaster ride. The average rent price in Ellerbe, NC, is $829.00. Indeed, when looking to rent in Ellerbe, NC, you can expect to pay as little as $490.00 or as much as $1,980.00, with the average rent median estimated to be $770.00. The good news is that finding an affordable and desirable property to rent in Ellerbe, 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.

Top Reasons To Live In Ellerbe, NC In 2024

Ellerbe is located in Richmond, North Carolina, with an estimated municipal population of 978 residents. All of the best foreclosed homes for sale in Ellerbe are located in the following zip code areas on 28338. The estimated population per square kilometer (.62 miles) in Ellerbe is 287.

Cost Of Living In Ellerbe, NC

So, about how much do homes cost in Ellerbe? The most recent median value of resident-owned homes in Ellerbe is 82,563. An estimated 53 percent of households in Ellerbe own their homes, with an average family size of 2.77. The median household income in Ellerbe is 37,500, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ellerbe, 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 Ellerbe? If so, the average rent price paid by renters in Ellerbe is 555, according to recent statistics.

Diversity And Demographics In Ellerbe, 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 Ellerbe, 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 Ellerbe is 34.6, split between 43 percent male versus 57 female. The percentage of residents who report being married in Ellerbe is 47.8, with an average family size of 2.77.

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

White 63.4%
Black / African American 30.9%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 3.5%

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

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

Under 10 18.3%
Aged 10-19 11.5%
20s 13.1%
30s 12.9%
40s 9.6%
50s 17.4%
60s 9.5%
70s 4.8%
80+ 2.8%

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

Pros And Cons Of Living In Ellerbe, North Carolina

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

  • 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 Ellerbe.

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

Ellerbe, NC Foreclosures


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