There are currently 5,007 real estate properties in Middletown, RI, with a median automated valuation model (AVM) price of $523,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Middletown, RI, 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 Middletown, RI, is $622,301.00, with the most expensive house in Middletown, RI, topping out at $16,060,000.00 and the cheapest home in Middletown, RI, clocking in at $51,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Middletown, RI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Middletown, RI, is on a rollercoaster ride. The average rent price in Middletown, RI, is $2,168.00. Indeed, when looking to rent in Middletown, RI, you can expect to pay as little as $1,020.00 or as much as $4,580.00, with the average rent median estimated to be $2,040.00. The good news is that finding an affordable and desirable property to rent in Middletown, RI -- 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 Middletown, RI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Middletown, RI and much more. Save thousands at closing with home foreclosure listings in Middletown, RI — up to 75% off market value!
Middletown is located in Newport, Rhode Island, with an estimated municipal population of 16,018 residents. All of the best foreclosed homes for sale in Middletown are located in the following zip code areas on Foreclosure.com: 02842. The estimated population per square kilometer (.62 miles) in Middletown is 487.
So, about how much do homes cost in Middletown? The most recent median value of resident-owned homes in Middletown is 379,643. An estimated 54.3 percent of households in Middletown own their homes, with an average family size of 2.79. The median household income in Middletown is 73,609, with34.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Middletown, the median commute time of resident workers (in minutes) is 17.5. And last, but certainly not least, are you looking for homes to rent in Middletown? If so, the average rent price paid by renters in Middletown is 1,372, 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 Middletown, 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 Middletown is 43.9, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Middletown is 51.9, with an average family size of 2.79.
The percentage of residents who report their race in Middletown is as follows:
|Black / African American||6.8%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.5%|
Looking for family-friendly neighborhoods in and/or near Middletown? Or maybe you are searching for 55+ active adult communities in and/or near Middletown?
The percentage of residents who report their age in Middletown 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 Middletown with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Middletown.
How do you know that living in -- or moving to -- Middletown is right where you need to be? Perhaps you grew up in Middletown or already live nearby; therefore, the decision to buy a home in Middletown is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Middletown 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 Middletown:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Middletown.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Middletown can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Middletown, meanwhile, can field multiple offers from more qualified buyers.
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