Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Faulkton, SD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Faulkton, SD and much more. Save thousands at closing with home foreclosure listings in Faulkton, SD — up to 75% off market value!
Faulkton is located in Faulk, South Dakota, with an estimated municipal population of 709 residents. All of the best foreclosed homes for sale in Faulkton are located in the following zip code areas on Foreclosure.com: 57438. The estimated population per square kilometer (.62 miles) in Faulkton is 270.
So, about how much do homes cost in Faulkton? The most recent median value of resident-owned homes in Faulkton is 88,200. An estimated 76.3 percent of households in Faulkton own their homes, with an average family size of 2.87. The median household income in Faulkton is 51,583, with13 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Faulkton, the median commute time of resident workers (in minutes) is 8.6. And last, but certainly not least, are you looking for homes to rent in Faulkton? If so, the average rent price paid by renters in Faulkton is 665, 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 Faulkton, 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 Faulkton is 44.5, split between 44.4 percent male versus 55.6 female. The percentage of residents who report being married in Faulkton is 53.4, with an average family size of 2.87.
The percentage of residents who report their race in Faulkton is as follows:
| White | 97.5% |
| Black / African American | 0.1% |
| Asian | 0% |
| American Indian / Alaskan Native | 1.1% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.3% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Faulkton? Or maybe you are searching for 55+ active adult communities in and/or near Faulkton?
The percentage of residents who report their age in Faulkton is as follows:
| Under 10 | 16.1% |
| Aged 10-19 | 8.4% |
| 20s | 8.9% |
| 30s | 12.4% |
| 40s | 9.2% |
| 50s | 11.5% |
| 60s | 15.4% |
| 70s | 6.5% |
| 80+ | 11.5% |
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 Faulkton with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Faulkton.
How do you know that living in -- or moving to -- Faulkton is right where you need to be? Perhaps you grew up in Faulkton or already live nearby; therefore, the decision to buy a home in Faulkton is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Faulkton 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 Faulkton:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Faulkton.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Faulkton can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Faulkton, meanwhile, can field multiple offers from more qualified buyers.
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