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Preforeclosure Homes in Farmerville, LA

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Stewart-rd-Farmerville-LA-71241
Preforeclosure
$119,850 EMV

Stewart Rd
Farmerville, LA 71241

Franks-rd-Farmerville-LA-71241
Preforeclosure
$109,650 EMV

Franks Rd
Farmerville, LA 71241

3 Bed | 2 Bath | 1,736 Sq. Ft.

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Home Value Estimator For Farmerville, LA

There are currently 3,012 real estate properties in Farmerville, LA, with a median automated valuation model (AVM) price of $115,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Farmerville, LA, 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 Farmerville, LA, is $142,772.00, with the most expensive house in Farmerville, LA, topping out at $1,500,000.00 and the cheapest home in Farmerville, LA, clocking in at $23,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Farmerville, LA!


Rent Prices In Farmerville, LA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farmerville, LA, is on a rollercoaster ride. The average rent price in Farmerville, LA, is $1,106.00. Indeed, when looking to rent in Farmerville, LA, you can expect to pay as little as $450.00 or as much as $1,960.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Farmerville, LA -- 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 Farmerville, LA

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


Top Reasons To Live In Farmerville, LA In 2021

Farmerville is located in Union, Louisiana, with an estimated municipal population of 3,717 residents. All of the best foreclosed homes for sale in Farmerville are located in the following zip code areas on Foreclosure.com: 71241. The estimated population per square kilometer (.62 miles) in Farmerville is 248.


Cost Of Living In Farmerville, LA

So, about how much do homes cost in Farmerville? The most recent median value of resident-owned homes in Farmerville is 90,673. An estimated 54.8 percent of households in Farmerville own their homes, with an average family size of 4.93. The median household income in Farmerville is 29,038, with7.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Farmerville, the median commute time of resident workers (in minutes) is 23.6. And last, but certainly not least, are you looking for homes to rent in Farmerville? If so, the average rent price paid by renters in Farmerville is 646, according to recent statistics.


Diversity And Demographics In Farmerville, Louisiana

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 Farmerville, 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 Farmerville is 37.7, split between 56.1 percent male versus 43.9 female. The percentage of residents who report being married in Farmerville is 21.3, with an average family size of 4.93.

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

White 35.8%
Black / African American 57.6%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.7%
Other 0.5%

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

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

Under 10 11.2%
Aged 10-19 19.7%
20s 11.5%
30s 10.6%
40s 12.7%
50s 9.2%
60s 9.4%
70s 9%
80+ 6.8%

Best Schools In Farmerville, Louisiana

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


Pros And Cons Of Living In Farmerville, Louisiana

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

  • 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 Farmerville.


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

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