Rent To Own Homes in Lovell, WY

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Home Value Estimator For Lovell, WY

There are currently 1,396 real estate properties in Lovell, WY, with a median automated valuation model (AVM) price of $177,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lovell, WY, 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 Lovell, WY, is $205,602.00, with the most expensive house in Lovell, WY, topping out at $1,776,000.00 and the cheapest home in Lovell, WY, clocking in at $56,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Lovell, WY!

Rent Prices In Lovell, WY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lovell, WY, is on a rollercoaster ride. The average rent price in Lovell, WY, is $835.00. Indeed, when looking to rent in Lovell, WY, you can expect to pay as little as $440.00 or as much as $1,580.00, with the average rent median estimated to be $830.00. The good news is that finding an affordable and desirable property to rent in Lovell, WY -- 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 Lovell, WY In 2024

Lovell is located in Big Horn, Wyoming, with an estimated municipal population of 2,366 residents. All of the best foreclosed homes for sale in Lovell are located in the following zip code areas on 82431. The estimated population per square kilometer (.62 miles) in Lovell is 829.

Cost Of Living In Lovell, WY

So, about how much do homes cost in Lovell? The most recent median value of resident-owned homes in Lovell is 149,757. An estimated 62.6 percent of households in Lovell own their homes, with an average family size of 3.28. The median household income in Lovell is 45,259, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lovell, the median commute time of resident workers (in minutes) is 14.6. And last, but certainly not least, are you looking for homes to rent in Lovell? If so, the average rent price paid by renters in Lovell is 706, according to recent statistics.

Diversity And Demographics In Lovell, Wyoming

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 Lovell, 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 Lovell is 39.3, split between 50.6 percent male versus 49.4 female. The percentage of residents who report being married in Lovell is 50.5, with an average family size of 3.28.

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

White 93.1%
Black / African American 1.3%
Asian 0.8%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.4%
Other 2.7%

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

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

Under 10 15.1%
Aged 10-19 13.7%
20s 8.4%
30s 14.2%
40s 11.3%
50s 12.3%
60s 8.8%
70s 8.6%
80+ 7.5%

Best Schools In Lovell, Wyoming

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

Pros And Cons Of Living In Lovell, Wyoming

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

  • 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 Lovell.

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

Lovell, WY Rent To Own Homes


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