Bankruptcy Homes in Lannon, WI

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Home Value Estimator For Lannon, WI

There are currently 352 real estate properties in Lannon, WI, with a median automated valuation model (AVM) price of $353,683.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lannon, WI, 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 Lannon, WI, is $394,025.00, with the most expensive house in Lannon, WI, topping out at $2,134,000.00 and the cheapest home in Lannon, WI, clocking in at $120,393.00. In other words, there’s something for every potential homebuyer or savvy investor in Lannon, WI!

Rent Prices In Lannon, WI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lannon, WI, is on a rollercoaster ride. The average rent price in Lannon, WI, is $1,762.00. Indeed, when looking to rent in Lannon, WI, you can expect to pay as little as $1,070.00 or as much as $3,460.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Lannon, WI -- 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 Lannon, WI In 2024

Lannon is located in Waukesha, Wisconsin, with an estimated municipal population of 1,232 residents. All of the best foreclosed homes for sale in Lannon are located in the following zip code areas on 53046. The estimated population per square kilometer (.62 miles) in Lannon is 192.

Cost Of Living In Lannon, WI

So, about how much do homes cost in Lannon? The most recent median value of resident-owned homes in Lannon is 163,153. An estimated 82.5 percent of households in Lannon own their homes, with an average family size of 3.05. The median household income in Lannon is 65,833, with25.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lannon, the median commute time of resident workers (in minutes) is 20.9. And last, but certainly not least, are you looking for homes to rent in Lannon? If so, the average rent price paid by renters in Lannon is 804, according to recent statistics.

Diversity And Demographics In Lannon, Wisconsin

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 Lannon, 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 Lannon is 43.7, split between 51.3 percent male versus 48.7 female. The percentage of residents who report being married in Lannon is 53.5, with an average family size of 3.05.

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

White 95.5%
Black / African American 1.5%
Asian 2.3%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 9.8%
Aged 10-19 14.4%
20s 9.4%
30s 12.2%
40s 14%
50s 19.5%
60s 12.2%
70s 7.1%
80+ 1.4%

Best Schools In Lannon, Wisconsin

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

Pros And Cons Of Living In Lannon, Wisconsin

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

  • 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 Lannon.

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

Lannon, WI Bankruptcy Homes


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