There are currently 53,980 real estate properties in Lake Worth, FL, with a median automated valuation model (AVM) price of $325,300.00. 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 Worth, FL, 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 Worth, FL, is $341,464.00, with the most expensive house in Lake Worth, FL, topping out at $15,907,400.00 and the cheapest home in Lake Worth, FL, clocking in at $40,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Worth, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Worth, FL, is on a rollercoaster ride. The average rent price in Lake Worth, FL, is $1,888.00. Indeed, when looking to rent in Lake Worth, FL, you can expect to pay as little as $680.00 or as much as $6,040.00, 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 Lake Worth, FL -- 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake Worth, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake Worth, FL and much more. Save thousands at closing with home foreclosure listings in Lake Worth, FL — up to 75% off market value!
Lake Worth is located in Palm Beach, Florida, with an estimated municipal population of 38,526 residents. All of the best foreclosed homes for sale in Lake Worth are located in the following zip code areas on Foreclosure.com: 33461 33460 33466. The estimated population per square kilometer (.62 miles) in Lake Worth is 2,524.
So, about how much do homes cost in Lake Worth? The most recent median value of resident-owned homes in Lake Worth is 185,663. An estimated 44.3 percent of households in Lake Worth own their homes, with an average family size of 3.71. The median household income in Lake Worth is 42,500, with15.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Worth, the median commute time of resident workers (in minutes) is 28.1. And last, but certainly not least, are you looking for homes to rent in Lake Worth? If so, the average rent price paid by renters in Lake Worth is 1,126, 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 Lake Worth, 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 Worth is 36.6, split between 52.3 percent male versus 47.7 female. The percentage of residents who report being married in Lake Worth is 34.3, with an average family size of 3.71.
The percentage of residents who report their race in Lake Worth is as follows:
|Black / African American||18%|
|American Indian / Alaskan Native||1.8%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Lake Worth? Or maybe you are searching for 55+ active adult communities in and/or near Lake Worth?
The percentage of residents who report their age in Lake Worth is as follows:
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 Worth with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Worth.
How do you know that living in -- or moving to -- Lake Worth is right where you need to be? Perhaps you grew up in Lake Worth or already live nearby; therefore, the decision to buy a home in Lake Worth is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Worth 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 Worth:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Worth.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Worth can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Worth, meanwhile, can field multiple offers from more qualified buyers.