There are currently 90 real estate properties in Ketchum, ID, with a median automated valuation model (AVM) price of $3,754,199.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ketchum, ID, 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 Ketchum, ID, is $4,759,517.00, with the most expensive house in Ketchum, ID, topping out at $12,500,000.00 and the cheapest home in Ketchum, ID, clocking in at $289,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Ketchum, ID!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ketchum, ID, is on a rollercoaster ride. The average rent price in Ketchum, ID, is $0.00. Indeed, when looking to rent in Ketchum, ID, you can expect to pay as little as $0.00 or as much as $0.00, with the average rent median estimated to be $0.00. The good news is that finding an affordable and desirable property to rent in Ketchum, ID -- 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.
Ketchum is located in Blaine, Idaho, with an estimated municipal population of 2,855 residents. All of the best foreclosed homes for sale in Ketchum are located in the following zip code areas on Foreclosure.com: 83340. The estimated population per square kilometer (.62 miles) in Ketchum is 343.
So, about how much do homes cost in Ketchum? The most recent median value of resident-owned homes in Ketchum is 701,655. An estimated 65.7 percent of households in Ketchum own their homes, with an average family size of 3. The median household income in Ketchum is 60,491, with23.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ketchum, the median commute time of resident workers (in minutes) is 11.2. And last, but certainly not least, are you looking for homes to rent in Ketchum? If so, the average rent price paid by renters in Ketchum is 1,298, 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 Ketchum, 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 Ketchum is 44.6, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Ketchum is 50.1, with an average family size of 3.
The percentage of residents who report their race in Ketchum is as follows:
White | 89.5% |
Black / African American | 1% |
Asian | 2.7% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 0% |
Other | 6.9% |
Looking for family-friendly neighborhoods in and/or near Ketchum? Or maybe you are searching for 55+ active adult communities in and/or near Ketchum?
The percentage of residents who report their age in Ketchum is as follows:
Under 10 | 6.1% |
Aged 10-19 | 10.9% |
20s | 13% |
30s | 15.8% |
40s | 14.7% |
50s | 14.3% |
60s | 12.3% |
70s | 9.6% |
80+ | 3.2% |
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 Ketchum with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ketchum.
How do you know that living in -- or moving to -- Ketchum is right where you need to be? Perhaps you grew up in Ketchum or already live nearby; therefore, the decision to buy a home in Ketchum is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ketchum 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 Ketchum:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ketchum.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ketchum can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ketchum, meanwhile, can field multiple offers from more qualified buyers.
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