There are currently 3,728 real estate properties in Fate, TX, with a median automated valuation model (AVM) price of $391,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fate, TX, 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 Fate, TX, is $388,011.00, with the most expensive house in Fate, TX, topping out at $2,324,900.00 and the cheapest home in Fate, TX, clocking in at $100,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Fate, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fate, TX, is on a rollercoaster ride. The average rent price in Fate, TX, is $1,880.00. Indeed, when looking to rent in Fate, TX, you can expect to pay as little as $800.00 or as much as $3,820.00, with the average rent median estimated to be $1,870.00. The good news is that finding an affordable and desirable property to rent in Fate, TX -- 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Fate, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Fate, TX and much more. Save thousands at closing with home foreclosure listings in Fate, TX — up to 75% off market value!
Fate is located in Rockwall, Texas, with an estimated municipal population of 15,603 residents. All of the best foreclosed homes for sale in Fate are located in the following zip code areas on Foreclosure.com: 75087 75189 75132. The estimated population per square kilometer (.62 miles) in Fate is 508.
So, about how much do homes cost in Fate? The most recent median value of resident-owned homes in Fate is 256,584. An estimated 92.3 percent of households in Fate own their homes, with an average family size of 3.39. The median household income in Fate is 110,373, with57 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fate, the median commute time of resident workers (in minutes) is 34.5. And last, but certainly not least, are you looking for homes to rent in Fate? If so, the average rent price paid by renters in Fate is 2,004, 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 Fate, 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 Fate is 34.3, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Fate is 73.9, with an average family size of 3.39.
The percentage of residents who report their race in Fate is as follows:
| White | 85% |
| Black / African American | 5.1% |
| Asian | 2.4% |
| American Indian / Alaskan Native | 0.1% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3.6% |
| Other | 3.8% |
Looking for family-friendly neighborhoods in and/or near Fate? Or maybe you are searching for 55+ active adult communities in and/or near Fate?
The percentage of residents who report their age in Fate is as follows:
| Under 10 | 19.8% |
| Aged 10-19 | 14.9% |
| 20s | 8.7% |
| 30s | 16.5% |
| 40s | 20.2% |
| 50s | 8.7% |
| 60s | 6% |
| 70s | 3.8% |
| 80+ | 1.3% |
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 Fate with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fate.
How do you know that living in -- or moving to -- Fate is right where you need to be? Perhaps you grew up in Fate or already live nearby; therefore, the decision to buy a home in Fate is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fate 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 Fate:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fate.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fate can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fate, meanwhile, can field multiple offers from more qualified buyers.
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