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There are currently 1,694 real estate properties in Green Lane, PA, with a median automated valuation model (AVM) price of $373,955.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Green Lane, PA, 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 Green Lane, PA, is $387,544.00, with the most expensive house in Green Lane, PA, topping out at $2,185,309.00 and the cheapest home in Green Lane, PA, clocking in at $33,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Green Lane, PA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Green Lane, PA, is on a rollercoaster ride. The average rent price in Green Lane, PA, is $1,746.00. Indeed, when looking to rent in Green Lane, PA, you can expect to pay as little as $910.00 or as much as $3,140.00, with the average rent median estimated to be $1,740.00. The good news is that finding an affordable and desirable property to rent in Green Lane, PA -- 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.
Green Lane is located in Montgomery, Pennsylvania, with an estimated municipal population of 506 residents. All of the best foreclosed homes for sale in Green Lane are located in the following zip code areas on Foreclosure.com: 18054. The estimated population per square kilometer (.62 miles) in Green Lane is 612.
So, about how much do homes cost in Green Lane? The most recent median value of resident-owned homes in Green Lane is 194,405. An estimated 68.1 percent of households in Green Lane own their homes, with an average family size of 2.78. The median household income in Green Lane is 58,417, with22 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Green Lane, the median commute time of resident workers (in minutes) is 27.9. And last, but certainly not least, are you looking for homes to rent in Green Lane? If so, the average rent price paid by renters in Green Lane is 922, 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 Green Lane, 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 Green Lane is 51.3, split between 53.4 percent male versus 46.6 female. The percentage of residents who report being married in Green Lane is 49.5, with an average family size of 2.78.
The percentage of residents who report their race in Green Lane 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 Green Lane? Or maybe you are searching for 55+ active adult communities in and/or near Green Lane?
The percentage of residents who report their age in Green Lane is as follows:
| Under 10 | 3.7% |
| Aged 10-19 | 12.9% |
| 20s | 2.9% |
| 30s | 14.4% |
| 40s | 12% |
| 50s | 19.2% |
| 60s | 15.8% |
| 70s | 14.6% |
| 80+ | 4.4% |
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 Green Lane with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Green Lane.
How do you know that living in -- or moving to -- Green Lane is right where you need to be? Perhaps you grew up in Green Lane or already live nearby; therefore, the decision to buy a home in Green Lane is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Green Lane 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 Green Lane:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Green Lane.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Green Lane can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Green Lane, meanwhile, can field multiple offers from more qualified buyers.
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