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There are currently 261 real estate properties in Lower Salem, OH, with a median automated valuation model (AVM) price of $112,219.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lower Salem, OH, 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 Lower Salem, OH, is $137,063.00, with the most expensive house in Lower Salem, OH, topping out at $1,254,900.00 and the cheapest home in Lower Salem, OH, clocking in at $12,120.00. In other words, there’s something for every potential homebuyer or savvy investor in Lower Salem, OH!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lower Salem, OH, is on a rollercoaster ride. The average rent price in Lower Salem, OH, is $1,050.00. Indeed, when looking to rent in Lower Salem, OH, you can expect to pay as little as $660.00 or as much as $1,720.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Lower Salem, OH -- 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.
Lower Salem is located in Washington, Ohio, with an estimated municipal population of 82 residents. All of the best foreclosed homes for sale in Lower Salem are located in the following zip code areas on Foreclosure.com: 45745. The estimated population per square kilometer (.62 miles) in Lower Salem is 539.
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 Lower Salem, 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 Lower Salem is 30.5, split between 43.9 percent male versus 56.1 female. The percentage of residents who report being married in Lower Salem is 51.7, with an average family size of 3.93.
The percentage of residents who report their race in Lower Salem is as follows:
| White | 99.2% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0.8% |
Looking for family-friendly neighborhoods in and/or near Lower Salem? Or maybe you are searching for 55+ active adult communities in and/or near Lower Salem?
The percentage of residents who report their age in Lower Salem is as follows:
| Under 10 | 18.7% |
| Aged 10-19 | 22% |
| 20s | 8.9% |
| 30s | 21.2% |
| 40s | 8.2% |
| 50s | 4.9% |
| 60s | 9.7% |
| 70s | 4.9% |
| 80+ | 1.6% |
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 Lower Salem with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lower Salem.
How do you know that living in -- or moving to -- Lower Salem is right where you need to be? Perhaps you grew up in Lower Salem or already live nearby; therefore, the decision to buy a home in Lower Salem is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lower Salem 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 Lower Salem:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lower Salem.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lower Salem can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lower Salem, meanwhile, can field multiple offers from more qualified buyers.
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