There are currently 3,275 real estate properties in Medical Lake, WA, with a median automated valuation model (AVM) price of $339,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medical Lake, WA, 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 Medical Lake, WA, is $356,204.00, with the most expensive house in Medical Lake, WA, topping out at $3,848,900.00 and the cheapest home in Medical Lake, WA, clocking in at $38,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Medical Lake, WA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medical Lake, WA, is on a rollercoaster ride. The average rent price in Medical Lake, WA, is $1,434.00. Indeed, when looking to rent in Medical Lake, WA, you can expect to pay as little as $730.00 or as much as $2,640.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Medical Lake, WA -- 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 Medical Lake, WA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Medical Lake, WA and much more. Save thousands at closing with home foreclosure listings in Medical Lake, WA — up to 75% off market value!
Medical Lake is located in Spokane, Washington, with an estimated municipal population of 4,966 residents. All of the best foreclosed homes for sale in Medical Lake are located in the following zip code areas on Foreclosure.com: 99022. The estimated population per square kilometer (.62 miles) in Medical Lake is 568.
So, about how much do homes cost in Medical Lake? The most recent median value of resident-owned homes in Medical Lake is 197,197. An estimated 66.9 percent of households in Medical Lake own their homes, with an average family size of 3.21. The median household income in Medical Lake is 60,295, with22 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Medical Lake, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Medical Lake? If so, the average rent price paid by renters in Medical Lake is 692, 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 Medical Lake, 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 Medical Lake is 32.4, split between 46.7 percent male versus 53.3 female. The percentage of residents who report being married in Medical Lake is 54.1, with an average family size of 3.21.
The percentage of residents who report their race in Medical Lake is as follows:
|Black / African American||0.3%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Medical Lake? Or maybe you are searching for 55+ active adult communities in and/or near Medical Lake?
The percentage of residents who report their age in Medical Lake 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 Medical Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Medical Lake.
How do you know that living in -- or moving to -- Medical Lake is right where you need to be? Perhaps you grew up in Medical Lake or already live nearby; therefore, the decision to buy a home in Medical Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Medical Lake 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 Medical Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Medical Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Medical Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Medical Lake, meanwhile, can field multiple offers from more qualified buyers.