Foreclosures in Fostoria, MI

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5 View this home at W Burnside Rd Fostoria MI 48435
$308,618 EMV
W Burnside Rd
Fostoria, MI 48435
3 |
EST. RENT: $1,398
AUCTION: 05-01-2024
3 |
Displaying 1 - 7 of 7
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Home Value Estimator For Fostoria, MI

There are currently 773 real estate properties in Fostoria, MI, with a median automated valuation model (AVM) price of $160,409.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fostoria, MI, 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 Fostoria, MI, is $176,918.00, with the most expensive house in Fostoria, MI, topping out at $886,944.00 and the cheapest home in Fostoria, MI, clocking in at $16,356.00. In other words, there’s something for every potential homebuyer or savvy investor in Fostoria, MI!

Rent Prices In Fostoria, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fostoria, MI, is on a rollercoaster ride. The average rent price in Fostoria, MI, is $1,242.00. Indeed, when looking to rent in Fostoria, MI, you can expect to pay as little as $520.00 or as much as $2,020.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Fostoria, MI -- 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 Fostoria, MI In 2024

Fostoria is located in Tuscola, Michigan, with an estimated municipal population of 563 residents. All of the best foreclosed homes for sale in Fostoria are located in the following zip code areas on 48435. The estimated population per square kilometer (.62 miles) in Fostoria is 56.

Cost Of Living In Fostoria, MI

So, about how much do homes cost in Fostoria? The most recent median value of resident-owned homes in Fostoria is 103,782. An estimated 82.4 percent of households in Fostoria own their homes, with an average family size of 2.72. The median household income in Fostoria is 57,857, with18.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fostoria, the median commute time of resident workers (in minutes) is 43.7.

Diversity And Demographics In Fostoria, Michigan

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 Fostoria, 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 Fostoria is 45.2, split between 57.4 percent male versus 42.6 female. The percentage of residents who report being married in Fostoria is 41.2, with an average family size of 2.72.

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

White 99.3%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.7%
Other 0%

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

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

Under 10 12.8%
Aged 10-19 11.5%
20s 7.1%
30s 11.4%
40s 19.2%
50s 13%
60s 16.3%
70s 7.8%
80+ 0.9%

Best Schools In Fostoria, Michigan

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

Pros And Cons Of Living In Fostoria, Michigan

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

  • 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 Fostoria.

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

Fostoria, MI Foreclosures


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