There are currently 312 real estate properties in Gilmore City, IA, with a median automated valuation model (AVM) price of $85,680.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gilmore City, IA, 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 Gilmore City, IA, is $109,819.00, with the most expensive house in Gilmore City, IA, topping out at $436,289.00 and the cheapest home in Gilmore City, IA, clocking in at $14,266.00. In other words, there’s something for every potential homebuyer or savvy investor in Gilmore City, IA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gilmore City, IA, is on a rollercoaster ride. The average rent price in Gilmore City, IA, is $1,023.00. Indeed, when looking to rent in Gilmore City, IA, you can expect to pay as little as $730.00 or as much as $1,610.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Gilmore City, IA -- 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.
Gilmore City is located in Humboldt, Iowa, with an estimated municipal population of 469 residents. All of the best foreclosed homes for sale in Gilmore City are located in the following zip code areas on Foreclosure.com: 50541. The estimated population per square kilometer (.62 miles) in Gilmore City is 145.
So, about how much do homes cost in Gilmore City? The most recent median value of resident-owned homes in Gilmore City is 50,948. An estimated 69.9 percent of households in Gilmore City own their homes, with an average family size of 2.58. The median household income in Gilmore City is 36,250, with7.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gilmore City, the median commute time of resident workers (in minutes) is 19.7. And last, but certainly not least, are you looking for homes to rent in Gilmore City? If so, the average rent price paid by renters in Gilmore City is 580, 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 Gilmore City, 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 Gilmore City is 46.7, split between 50.2 percent male versus 49.8 female. The percentage of residents who report being married in Gilmore City is 58.5, with an average family size of 2.58.
The percentage of residents who report their race in Gilmore City is as follows:
| White | 100% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Gilmore City? Or maybe you are searching for 55+ active adult communities in and/or near Gilmore City?
The percentage of residents who report their age in Gilmore City is as follows:
| Under 10 | 10.7% |
| Aged 10-19 | 11.1% |
| 20s | 13.7% |
| 30s | 11.3% |
| 40s | 11.1% |
| 50s | 15% |
| 60s | 14.2% |
| 70s | 7.5% |
| 80+ | 5.2% |
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 Gilmore City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gilmore City.
How do you know that living in -- or moving to -- Gilmore City is right where you need to be? Perhaps you grew up in Gilmore City or already live nearby; therefore, the decision to buy a home in Gilmore City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gilmore City 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 Gilmore City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gilmore City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gilmore City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gilmore City, meanwhile, can field multiple offers from more qualified buyers.
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