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Short Sale Listings in Galax, VA

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View this home at Rippey Hollow Rd Galax VA 24333
Preforeclosure
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$122,797 EMV
Rippey Hollow Rd
Galax, VA 24333
Single-Family
EST. RENT: $1,102
|
AUCTION: 05-13-2024
Single-Family
View this home at Prospect Ave Galax VA 24333
Preforeclosure
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$157,096 EMV
Prospect Ave
Galax, VA 24333
Single-Family
EST. RENT: $1,171
|
AUCTION: 04-24-2024
Single-Family
View this home at Pipers Gap Rd Galax VA 24333
Preforeclosure
VIEW DETAILS
$61,895 EMV
Pipers Gap Rd
Galax, VA 24333
Single-Family
EST. RENT: $840
|
AUCTION: 04-17-2024
Single-Family
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Home Value Estimator For Galax, VA

There are currently 6,340 real estate properties in Galax, VA, with a median automated valuation model (AVM) price of $151,901.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Galax, 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 Galax, VA, is $181,097.00, with the most expensive house in Galax, VA, topping out at $3,842,069.00 and the cheapest home in Galax, VA, clocking in at $12,420.00. In other words, there’s something for every potential homebuyer or savvy investor in Galax, VA!


Rent Prices In Galax, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Galax, VA, is on a rollercoaster ride. The average rent price in Galax, VA, is $991.00. Indeed, when looking to rent in Galax, VA, you can expect to pay as little as $480.00 or as much as $2,610.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Galax, 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.


Top Reasons To Live In Galax, VA In 2024

Galax is located in Galax, Virginia, with an estimated municipal population of 6,347 residents. All of the best foreclosed homes for sale in Galax are located in the following zip code areas on Foreclosure.com: 24333. The estimated population per square kilometer (.62 miles) in Galax is 297.


Cost Of Living In Galax, VA

So, about how much do homes cost in Galax? The most recent median value of resident-owned homes in Galax is 99,394. An estimated 68.1 percent of households in Galax own their homes, with an average family size of 2.93. The median household income in Galax is 33,575, with9.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Galax, the median commute time of resident workers (in minutes) is 19.4. And last, but certainly not least, are you looking for homes to rent in Galax? If so, the average rent price paid by renters in Galax is 574, according to recent statistics.


Diversity And Demographics In Galax, Virginia

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 Galax, 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 Galax is 45, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Galax is 49.2, with an average family size of 2.93.

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

White 89.6%
Black / African American 7.5%
Asian 0.6%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 0.3%
Other 1.7%

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

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

Under 10 11.3%
Aged 10-19 13.2%
20s 7.4%
30s 10.6%
40s 14.7%
50s 12.2%
60s 15.6%
70s 8.5%
80+ 6.4%

Best Schools In Galax, Virginia

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


Pros And Cons Of Living In Galax, Virginia

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

  • 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 Galax.


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

Galax, VA Short Sale Listings


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