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There are currently 2 real estate properties in Franconia, VA, with a median automated valuation model (AVM) price of $106,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Franconia, VA, 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 Franconia, VA, is $216,950.00, with the most expensive house in Franconia, VA, topping out at $327,900.00 and the cheapest home in Franconia, VA, clocking in at $106,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Franconia, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franconia, VA, is on a rollercoaster ride. The average rent price in Franconia, VA, is $1,870.00. Indeed, when looking to rent in Franconia, VA, you can expect to pay as little as $1,720.00 or as much as $2,020.00, with the average rent median estimated to be $1,720.00. The good news is that finding an affordable and desirable property to rent in Franconia, VA -- 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 Franconia, VA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Franconia, VA and much more. Save thousands at closing with home foreclosure listings in Franconia, VA — up to 75% off market value!
Franconia is located in Fairfax, Virginia, with an estimated municipal population of 19,720 residents. All of the best foreclosed homes for sale in Franconia are located in the following zip code areas on Foreclosure.com: 22310 22315. The estimated population per square kilometer (.62 miles) in Franconia is 2,188.
So, about how much do homes cost in Franconia? The most recent median value of resident-owned homes in Franconia is 422,018. An estimated 75.4 percent of households in Franconia own their homes, with an average family size of 3.32. The median household income in Franconia is 125,031, with62.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Franconia, the median commute time of resident workers (in minutes) is 34.6. And last, but certainly not least, are you looking for homes to rent in Franconia? If so, the average rent price paid by renters in Franconia is 2,066, 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 Franconia, 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 Franconia is 37.7, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Franconia is 49.2, with an average family size of 3.32.
The percentage of residents who report their race in Franconia is as follows:
|Black / African American||20.2%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Franconia? Or maybe you are searching for 55+ active adult communities in and/or near Franconia?
The percentage of residents who report their age in Franconia is as follows:
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 Franconia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Franconia.
How do you know that living in -- or moving to -- Franconia is right where you need to be? Perhaps you grew up in Franconia or already live nearby; therefore, the decision to buy a home in Franconia is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Franconia 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 Franconia:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Franconia.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Franconia can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Franconia, meanwhile, can field multiple offers from more qualified buyers.
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