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Short Sale Listings in Medical Lake, WA

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Foreclosure Homes in Medical Lake, WA

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!


Top Reasons To Live In Medical Lake, WA In 2021

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.


Cost Of Living In Medical Lake, WA

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.


Diversity And Demographics In Medical Lake, Washington

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:

White 88.4%
Black / African American 0.3%
Asian 1.9%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 8.9%
Other 0.5%

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:

Under 10 13.4%
Aged 10-19 16.8%
20s 17.5%
30s 11%
40s 13.2%
50s 13.7%
60s 6.6%
70s 4%
80+ 3.8%

Best Schools In Medical Lake, Washington

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.


Pros And Cons Of Living In Medical Lake, Washington

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:

  • 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 Medical Lake.


Reasons To Move To Medical Lake, Washington, In 2021

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.

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Listing types in Medical Lake, WA

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