There are currently 4,560 real estate properties in Mitchell, SD, with a median automated valuation model (AVM) price of $149,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mitchell, SD, 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 Mitchell, SD, is $186,882.00, with the most expensive house in Mitchell, SD, topping out at $13,320,400.00 and the cheapest home in Mitchell, SD, clocking in at $57,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Mitchell, SD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mitchell, SD, is on a rollercoaster ride. The average rent price in Mitchell, SD, is $1,150.00. Indeed, when looking to rent in Mitchell, SD, you can expect to pay as little as $700.00 or as much as $2,120.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Mitchell, SD -- 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 Mitchell, SD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mitchell, SD and much more. Save thousands at closing with home foreclosure listings in Mitchell, SD — up to 75% off market value!
Mitchell is located in Davison, South Dakota, with an estimated municipal population of 15,679 residents. All of the best foreclosed homes for sale in Mitchell are located in the following zip code areas on Foreclosure.com: 57301. The estimated population per square kilometer (.62 miles) in Mitchell is 527.
So, about how much do homes cost in Mitchell? The most recent median value of resident-owned homes in Mitchell is 147,013. An estimated 54.3 percent of households in Mitchell own their homes, with an average family size of 2.73. The median household income in Mitchell is 46,661, with19 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mitchell, the median commute time of resident workers (in minutes) is 10.4. And last, but certainly not least, are you looking for homes to rent in Mitchell? If so, the average rent price paid by renters in Mitchell is 756, 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 Mitchell, 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 Mitchell is 35.8, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Mitchell is 47.9, with an average family size of 2.73.
The percentage of residents who report their race in Mitchell is as follows:
|Black / African American||1.4%|
|American Indian / Alaskan Native||2.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Mitchell? Or maybe you are searching for 55+ active adult communities in and/or near Mitchell?
The percentage of residents who report their age in Mitchell 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 Mitchell with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mitchell.
How do you know that living in -- or moving to -- Mitchell is right where you need to be? Perhaps you grew up in Mitchell or already live nearby; therefore, the decision to buy a home in Mitchell is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mitchell 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 Mitchell:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mitchell.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mitchell can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mitchell, meanwhile, can field multiple offers from more qualified buyers.
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