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Short Sale Listings in Jay, ME

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View this home at Marcello St Jay ME 04239
Preforeclosure
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$104,202 EMV
Marcello St
Jay, ME 04239
Single-Family
EST. RENT: $1,181
|
AUCTION: 04-18-2024
Single-Family
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Home Value Estimator For Jay, ME

There are currently 1,599 real estate properties in Jay, ME, with a median automated valuation model (AVM) price of $185,961.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Jay, ME, 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 Jay, ME, is $195,486.00, with the most expensive house in Jay, ME, topping out at $914,100.00 and the cheapest home in Jay, ME, clocking in at $27,340.00. In other words, there’s something for every potential homebuyer or savvy investor in Jay, ME!


Rent Prices In Jay, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jay, ME, is on a rollercoaster ride. The average rent price in Jay, ME, is $1,084.00. Indeed, when looking to rent in Jay, ME, you can expect to pay as little as $860.00 or as much as $1,290.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Jay, ME -- 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.


Top Reasons To Live In Jay, ME In 2024

Jay is located in Franklin, Maine, with an estimated municipal population of 4,638 residents. All of the best foreclosed homes for sale in Jay are located in the following zip code areas on Foreclosure.com: 04239 04262. The estimated population per square kilometer (.62 miles) in Jay is 37.


Cost Of Living In Jay, ME

So, about how much do homes cost in Jay? The most recent median value of resident-owned homes in Jay is 128,789. An estimated 87.1 percent of households in Jay own their homes, with an average family size of 3.01. The median household income in Jay is 59,432, with14.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Jay, the median commute time of resident workers (in minutes) is 38.4. And last, but certainly not least, are you looking for homes to rent in Jay? If so, the average rent price paid by renters in Jay is 571, according to recent statistics.


Diversity And Demographics In Jay, Maine

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 Jay, 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 Jay is 41.1, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Jay is 55.2, with an average family size of 3.01.

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

White 95.1%
Black / African American 0%
Asian 1.1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.8%
Other 0%

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

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

Under 10 9.7%
Aged 10-19 13.6%
20s 10.1%
30s 14.5%
40s 13.9%
50s 15.8%
60s 10.6%
70s 7.3%
80+ 4.5%

Best Schools In Jay, Maine

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


Pros And Cons Of Living In Jay, Maine

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

  • 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 Jay.


Reasons To Move To Jay, Maine, In 2024

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

Jay, ME Short Sale Listings


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