Foreclosure Homes in Leola, SD

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Home Value Estimator For Leola, SD

There are currently 4 real estate properties in Leola, SD, with a median automated valuation model (AVM) price of $73,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Leola, SD, 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 Leola, SD, is $104,250.00, with the most expensive house in Leola, SD, topping out at $145,400.00 and the cheapest home in Leola, SD, clocking in at $55,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Leola, SD!

Rent Prices In Leola, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Leola, SD, is on a rollercoaster ride. The average rent price in Leola, SD, is $960.00. Indeed, when looking to rent in Leola, SD, you can expect to pay as little as $800.00 or as much as $1,080.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Leola, SD -- 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.

Foreclosure Homes in Leola, SD

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Leola, SD area at Get information on foreclosure homes for rent, how to buy foreclosures in Leola, SD and much more. Save thousands at closing with home foreclosure listings in Leola, SD — up to 75% off market value!

Top Reasons To Live In Leola, SD In 2022

Leola is located in McPherson, South Dakota, with an estimated municipal population of 427 residents. All of the best foreclosed homes for sale in Leola are located in the following zip code areas on 57456. The estimated population per square kilometer (.62 miles) in Leola is 222.

Cost Of Living In Leola, SD

So, about how much do homes cost in Leola? The most recent median value of resident-owned homes in Leola is 55,852. An estimated 74.9 percent of households in Leola own their homes, with an average family size of 3.71. The median household income in Leola is 52,596, with12 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Leola, the median commute time of resident workers (in minutes) is 27.7. And last, but certainly not least, are you looking for homes to rent in Leola? If so, the average rent price paid by renters in Leola is 557, according to recent statistics.

Diversity And Demographics In Leola, South Dakota

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 Leola, 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 Leola is 34.3, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Leola is 60.9, with an average family size of 3.71.

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

White 97.9%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 1.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 0%

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

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

Under 10 25.4%
Aged 10-19 10.6%
20s 8%
30s 16.7%
40s 9.9%
50s 10.6%
60s 7.4%
70s 4.6%
80+ 6.5%

Best Schools In Leola, South Dakota

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

Pros And Cons Of Living In Leola, South Dakota

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

  • 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 Leola.

Reasons To Move To Leola, South Dakota, In 2022

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

Leola, SD Foreclosures


Listing types in Leola, SD

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