There are currently 3,642 real estate properties in Little Compton, RI, with a median automated valuation model (AVM) price of $848,934.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Little Compton, RI, 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 Little Compton, RI, is $1,280,174.00, with the most expensive house in Little Compton, RI, topping out at $13,500,000.00 and the cheapest home in Little Compton, RI, clocking in at $116,004.00. In other words, there’s something for every potential homebuyer or savvy investor in Little Compton, RI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Little Compton, RI, is on a rollercoaster ride. The average rent price in Little Compton, RI, is $2,495.00. Indeed, when looking to rent in Little Compton, RI, you can expect to pay as little as $1,120.00 or as much as $5,090.00, with the average rent median estimated to be $2,450.00. The good news is that finding an affordable and desirable property to rent in Little Compton, RI -- 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.
Little Compton is located in Newport, Rhode Island, with an estimated municipal population of 3,489 residents. All of the best foreclosed homes for sale in Little Compton are located in the following zip code areas on Foreclosure.com: 02837 02801. The estimated population per square kilometer (.62 miles) in Little Compton is 65.
So, about how much do homes cost in Little Compton? The most recent median value of resident-owned homes in Little Compton is 516,001. An estimated 81.3 percent of households in Little Compton own their homes, with an average family size of 2.62. The median household income in Little Compton is 89,353, with45.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Little Compton, the median commute time of resident workers (in minutes) is 32. And last, but certainly not least, are you looking for homes to rent in Little Compton? If so, the average rent price paid by renters in Little Compton is 1,424, 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 Little Compton, 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 Little Compton is 57.8, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Little Compton is 62.4, with an average family size of 2.62.
The percentage of residents who report their race in Little Compton is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Little Compton? Or maybe you are searching for 55+ active adult communities in and/or near Little Compton?
The percentage of residents who report their age in Little Compton 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 Little Compton with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Little Compton.
How do you know that living in -- or moving to -- Little Compton is right where you need to be? Perhaps you grew up in Little Compton or already live nearby; therefore, the decision to buy a home in Little Compton is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Little Compton 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 Little Compton:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Little Compton.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Little Compton can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Little Compton, meanwhile, can field multiple offers from more qualified buyers.
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