There are currently 9,274 real estate properties in Madisonville, KY, with a median automated valuation model (AVM) price of $114,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madisonville, KY, 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 Madisonville, KY, is $134,252.00, with the most expensive house in Madisonville, KY, topping out at $3,477,200.00 and the cheapest home in Madisonville, KY, clocking in at $16,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Madisonville, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madisonville, KY, is on a rollercoaster ride. The average rent price in Madisonville, KY, is $926.00. Indeed, when looking to rent in Madisonville, KY, you can expect to pay as little as $400.00 or as much as $2,400.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Madisonville, KY -- 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Madisonville, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Madisonville, KY and much more. Save thousands at closing with home foreclosure listings in Madisonville, KY — up to 75% off market value!
Madisonville is located in Hopkins, Kentucky, with an estimated municipal population of 18,621 residents. All of the best foreclosed homes for sale in Madisonville are located in the following zip code areas on Foreclosure.com: 42431. The estimated population per square kilometer (.62 miles) in Madisonville is 404.
So, about how much do homes cost in Madisonville? The most recent median value of resident-owned homes in Madisonville is 125,490. An estimated 56.4 percent of households in Madisonville own their homes, with an average family size of 3.01. The median household income in Madisonville is 44,720, with15.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Madisonville, the median commute time of resident workers (in minutes) is 18.1. And last, but certainly not least, are you looking for homes to rent in Madisonville? If so, the average rent price paid by renters in Madisonville is 746, 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 Madisonville, 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 Madisonville is 36.3, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Madisonville is 44.9, with an average family size of 3.01.
The percentage of residents who report their race in Madisonville is as follows:
|Black / African American||11.8%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Madisonville? Or maybe you are searching for 55+ active adult communities in and/or near Madisonville?
The percentage of residents who report their age in Madisonville 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 Madisonville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Madisonville.
How do you know that living in -- or moving to -- Madisonville is right where you need to be? Perhaps you grew up in Madisonville or already live nearby; therefore, the decision to buy a home in Madisonville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Madisonville 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 Madisonville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Madisonville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Madisonville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Madisonville, meanwhile, can field multiple offers from more qualified buyers.
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