Foreclosure Homes in Lake Mohegan, NY

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Lake Mohegan, NY Foreclosures

How much do homes sell for in Lake Mohegan, NY?
The average home price is currently $375,809.
In Lake Mohegan, NY, how many homes are available?
There are currently 5 active home listings available in Lake Mohegan.
What’s the average rental cost in Lake Mohegan, NY?
The average rental price in Lake Mohegan is $2,468.
What is the most expensive home in Lake Mohegan, New York?
The most expensive home sold in Lake Mohegan had a price of $493,869.
What is currently the cheapest priced home in Lake Mohegan, NY?
The cheapest home for sale in Lake Mohegan is priced at $181,700.

Home Value Estimator For Lake Mohegan, NY

There are currently 5 real estate properties in Lake Mohegan, NY, with a median automated valuation model (AVM) price of $428,503.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Mohegan, NY, 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 Lake Mohegan, NY, is $375,809.00, with the most expensive house in Lake Mohegan, NY, topping out at $493,869.00 and the cheapest home in Lake Mohegan, NY, clocking in at $181,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Mohegan, NY!

Rent Prices In Lake Mohegan, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Mohegan, NY, is on a rollercoaster ride. The average rent price in Lake Mohegan, NY, is $2,468.00. Indeed, when looking to rent in Lake Mohegan, NY, you can expect to pay as little as $2,210.00 or as much as $2,830.00, with the average rent median estimated to be $2,380.00. The good news is that finding an affordable and desirable property to rent in Lake Mohegan, NY -- 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 Lake Mohegan, NY In 2024

Lake Mohegan is located in Westchester, New York, with an estimated municipal population of 5,808 residents. All of the best foreclosed homes for sale in Lake Mohegan are located in the following zip code areas on 10547. The estimated population per square kilometer (.62 miles) in Lake Mohegan is 779.

Cost Of Living In Lake Mohegan, NY

So, about how much do homes cost in Lake Mohegan? The most recent median value of resident-owned homes in Lake Mohegan is 373,323. An estimated 75.2 percent of households in Lake Mohegan own their homes, with an average family size of 3.36. The median household income in Lake Mohegan is 135,257, with57.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Mohegan, the median commute time of resident workers (in minutes) is 38.6. And last, but certainly not least, are you looking for homes to rent in Lake Mohegan? If so, the average rent price paid by renters in Lake Mohegan is 2,089, according to recent statistics.

Diversity And Demographics In Lake Mohegan, New York

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 Lake Mohegan, 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 Lake Mohegan is 43.9, split between 53.7 percent male versus 46.3 female. The percentage of residents who report being married in Lake Mohegan is 50.3, with an average family size of 3.36.

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

White 79.5%
Black / African American 1.8%
Asian 6%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 12.2%

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

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

Under 10 11.7%
Aged 10-19 10.8%
20s 15.4%
30s 9.6%
40s 16.8%
50s 17.4%
60s 10.5%
70s 4%
80+ 3.8%

Best Schools In Lake Mohegan, New York

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

Pros And Cons Of Living In Lake Mohegan, New York

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

  • 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 Lake Mohegan.

Reasons To Move To Lake Mohegan, New York, 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 Lake Mohegan can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Mohegan, meanwhile, can field multiple offers from more qualified buyers.

Lake Mohegan, NY Foreclosures


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