There are currently 2,571 real estate properties in Gales Ferry, CT, with a median automated valuation model (AVM) price of $274,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gales Ferry, CT, 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 Gales Ferry, CT, is $280,552.00, with the most expensive house in Gales Ferry, CT, topping out at $701,500.00 and the cheapest home in Gales Ferry, CT, clocking in at $36,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Gales Ferry, CT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gales Ferry, CT, is on a rollercoaster ride. The average rent price in Gales Ferry, CT, is $1,754.00. Indeed, when looking to rent in Gales Ferry, CT, you can expect to pay as little as $910.00 or as much as $2,500.00, with the average rent median estimated to be $1,760.00. The good news is that finding an affordable and desirable property to rent in Gales Ferry, CT -- 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 Gales Ferry, CT area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Gales Ferry, CT and much more. Save thousands at closing with home foreclosure listings in Gales Ferry, CT — up to 75% off market value!
Gales Ferry is located in New London, Connecticut, with an estimated municipal population of 899 residents. All of the best foreclosed homes for sale in Gales Ferry are located in the following zip code areas on Foreclosure.com: 06335. The estimated population per square kilometer (.62 miles) in Gales Ferry is 396.
So, about how much do homes cost in Gales Ferry? The most recent median value of resident-owned homes in Gales Ferry is 231,524. An estimated 95.5 percent of households in Gales Ferry own their homes, with an average family size of 2.7. The median household income in Gales Ferry is 98,750, with47.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gales Ferry, the median commute time of resident workers (in minutes) is 20.6.
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 Gales Ferry, 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 Gales Ferry is 50.9, split between 55.7 percent male versus 44.3 female. The percentage of residents who report being married in Gales Ferry is 65.6, with an average family size of 2.7.
The percentage of residents who report their race in Gales Ferry is as follows:
|Black / African American||3.9%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Gales Ferry? Or maybe you are searching for 55+ active adult communities in and/or near Gales Ferry?
The percentage of residents who report their age in Gales Ferry 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 Gales Ferry with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gales Ferry.
How do you know that living in -- or moving to -- Gales Ferry is right where you need to be? Perhaps you grew up in Gales Ferry or already live nearby; therefore, the decision to buy a home in Gales Ferry is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gales Ferry 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 Gales Ferry:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gales Ferry.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gales Ferry can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gales Ferry, meanwhile, can field multiple offers from more qualified buyers.
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