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Foreclosure Homes in Fayette City, PA

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2nd-st-Fayette-city-PA-15438
Foreclosure
$64,515 EMV

2nd St
Fayette City, PA 15438

3 Bed | 1 Bath | 1,764 Sq. Ft.

Fayette-ave-Fayette-city-PA-15438
Preforeclosure
$91,630 EMV

Fayette Ave
Fayette City, PA 15438

5 Connellsville-rd-Fayette-city-PA-15438
Preforeclosure
$49,980 EMV

Connellsville Rd
Fayette City, PA 15438

2 Bed | 1 Bath | 1,360 Sq. Ft.

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Home Value Estimator For Fayette City, PA

There are currently 218 real estate properties in Fayette City, PA, with a median automated valuation model (AVM) price of $111,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fayette City, PA, 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 Fayette City, PA, is $138,857.00, with the most expensive house in Fayette City, PA, topping out at $481,600.00 and the cheapest home in Fayette City, PA, clocking in at $38,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Fayette City, PA!


Rent Prices In Fayette City, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fayette City, PA, is on a rollercoaster ride. The average rent price in Fayette City, PA, is $1,140.00. Indeed, when looking to rent in Fayette City, PA, you can expect to pay as little as $620.00 or as much as $1,820.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Fayette City, PA -- 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 Fayette City, PA

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


Top Reasons To Live In Fayette City, PA In 2021

Fayette City is located in Fayette, Pennsylvania, with an estimated municipal population of 552 residents. All of the best foreclosed homes for sale in Fayette City are located in the following zip code areas on Foreclosure.com: 15438. The estimated population per square kilometer (.62 miles) in Fayette City is 1,111.


Cost Of Living In Fayette City, PA

So, about how much do homes cost in Fayette City? The most recent median value of resident-owned homes in Fayette City is 76,036. An estimated 71.4 percent of households in Fayette City own their homes, with an average family size of 3.03. The median household income in Fayette City is 38,125, with9.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fayette City, the median commute time of resident workers (in minutes) is 23.1. And last, but certainly not least, are you looking for homes to rent in Fayette City? If so, the average rent price paid by renters in Fayette City is 763, according to recent statistics.


Diversity And Demographics In Fayette City, Pennsylvania

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 Fayette City, 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 Fayette City is 46.1, split between 52.6 percent male versus 47.4 female. The percentage of residents who report being married in Fayette City is 47.1, with an average family size of 3.03.

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

White 96%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.4%
Other 0.6%

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

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

Under 10 14%
Aged 10-19 10.2%
20s 5.6%
30s 14.2%
40s 17.4%
50s 18.4%
60s 12%
70s 5.2%
80+ 3.4%

Best Schools In Fayette City, Pennsylvania

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


Pros And Cons Of Living In Fayette City, Pennsylvania

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

  • 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 Fayette City.


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

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