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Foreclosure Homes in Gates Mills, OH

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W Hill Dr
Gates Mills, OH 44040

3 Bed | 1 Bath | 1,722 Sq. Ft.

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Home Value Estimator For Gates Mills, OH

There are currently 1,186 real estate properties in Gates Mills, OH, with a median automated valuation model (AVM) price of $446,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gates Mills, OH, 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 Gates Mills, OH, is $506,625.00, with the most expensive house in Gates Mills, OH, topping out at $3,948,800.00 and the cheapest home in Gates Mills, OH, clocking in at $166,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Gates Mills, OH!


Rent Prices In Gates Mills, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gates Mills, OH, is on a rollercoaster ride. The average rent price in Gates Mills, OH, is $2,146.00. Indeed, when looking to rent in Gates Mills, OH, you can expect to pay as little as $960.00 or as much as $3,500.00, with the average rent median estimated to be $2,100.00. The good news is that finding an affordable and desirable property to rent in Gates Mills, OH -- 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.


Foreclosure Homes in Gates Mills, OH

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Gates Mills, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Gates Mills, OH and much more. Save thousands at closing with home foreclosure listings in Gates Mills, OH — up to 75% off market value!


Top Reasons To Live In Gates Mills, OH In 2021

Gates Mills is located in Cuyahoga, Ohio, with an estimated municipal population of 2,217 residents. All of the best foreclosed homes for sale in Gates Mills are located in the following zip code areas on Foreclosure.com: 44040. The estimated population per square kilometer (.62 miles) in Gates Mills is 95.


Cost Of Living In Gates Mills, OH

So, about how much do homes cost in Gates Mills? The most recent median value of resident-owned homes in Gates Mills is 512,802. An estimated 94.3 percent of households in Gates Mills own their homes, with an average family size of 2.78. The median household income in Gates Mills is 165,167, with71.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gates Mills, the median commute time of resident workers (in minutes) is 25.4. And last, but certainly not least, are you looking for homes to rent in Gates Mills? If so, the average rent price paid by renters in Gates Mills is 1,571, according to recent statistics.


Diversity And Demographics In Gates Mills, Ohio

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 Gates Mills, 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 Gates Mills is 54.2, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Gates Mills is 70.1, with an average family size of 2.78.

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

White 91%
Black / African American 0.9%
Asian 5.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.8%
Other 1%

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

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

Under 10 9%
Aged 10-19 13.3%
20s 5.5%
30s 5.7%
40s 11.2%
50s 15.2%
60s 20.4%
70s 15.4%
80+ 4.4%

Best Schools In Gates Mills, Ohio

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


Pros And Cons Of Living In Gates Mills, Ohio

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

  • 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 Gates Mills.


Reasons To Move To Gates Mills, Ohio, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gates Mills can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gates Mills, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Gates Mills, OH

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