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There are currently 30 real estate properties in Galena, IN, with a median automated valuation model (AVM) price of $240,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Galena, IN, 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 Galena, IN, is $267,470.00, with the most expensive house in Galena, IN, topping out at $742,500.00 and the cheapest home in Galena, IN, clocking in at $100,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Galena, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Galena, IN, is on a rollercoaster ride. The average rent price in Galena, IN, is $1,366.00. Indeed, when looking to rent in Galena, IN, you can expect to pay as little as $860.00 or as much as $1,970.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Galena, IN -- 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 Galena, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Galena, IN and much more. Save thousands at closing with home foreclosure listings in Galena, IN — up to 75% off market value!
Galena is located in Floyd, Indiana, with an estimated municipal population of 1,780 residents. All of the best foreclosed homes for sale in Galena are located in the following zip code areas on Foreclosure.com: 47124 47119. The estimated population per square kilometer (.62 miles) in Galena is 257.
So, about how much do homes cost in Galena? The most recent median value of resident-owned homes in Galena is 176,452. An estimated 100 percent of households in Galena own their homes, with an average family size of 3.5. The median household income in Galena is 77,400, with26.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Galena, the median commute time of resident workers (in minutes) is 21.8.
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 Galena, 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 Galena is 38.1, split between 49 percent male versus 51 female. The percentage of residents who report being married in Galena is 57.2, with an average family size of 3.5.
The percentage of residents who report their race in Galena is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Galena? Or maybe you are searching for 55+ active adult communities in and/or near Galena?
The percentage of residents who report their age in Galena 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 Galena with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Galena.
How do you know that living in -- or moving to -- Galena is right where you need to be? Perhaps you grew up in Galena or already live nearby; therefore, the decision to buy a home in Galena is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Galena 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 Galena:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Galena.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Galena can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Galena, meanwhile, can field multiple offers from more qualified buyers.
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