Foreclosure Homes in New Fairview, TX

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5 Fm-407-New-fairview-TX-76078
As-Is Deal
$1,800,000 List Price

Fm 407
New Fairview, TX 76078

| 1,116 Sq. Ft.

Displaying 1 - 1 of 1

Home Value Estimator For New Fairview, TX

There are currently 9 real estate properties in New Fairview, TX, with a median automated valuation model (AVM) price of $226,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Fairview, TX, 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 New Fairview, TX, is $330,222.00, with the most expensive house in New Fairview, TX, topping out at $666,000.00 and the cheapest home in New Fairview, TX, clocking in at $182,000.00. In other words, there’s something for every potential homebuyer or savvy investor in New Fairview, TX!

Rent Prices In New Fairview, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Fairview, TX, is on a rollercoaster ride. The average rent price in New Fairview, TX, is $1,506.00. Indeed, when looking to rent in New Fairview, TX, you can expect to pay as little as $1,070.00 or as much as $2,300.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in New Fairview, TX -- 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.

Foreclosure Homes in New Fairview, TX

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the New Fairview, TX area at Get information on foreclosure homes for rent, how to buy foreclosures in New Fairview, TX and much more. Save thousands at closing with home foreclosure listings in New Fairview, TX — up to 75% off market value!

Top Reasons To Live In New Fairview, TX In 2021

New Fairview is located in Wise, Texas, with an estimated municipal population of 1,544 residents. All of the best foreclosed homes for sale in New Fairview are located in the following zip code areas on 76078. The estimated population per square kilometer (.62 miles) in New Fairview is 38.

Cost Of Living In New Fairview, TX

So, about how much do homes cost in New Fairview? The most recent median value of resident-owned homes in New Fairview is 102,610. An estimated 89.5 percent of households in New Fairview own their homes, with an average family size of 4.06. The median household income in New Fairview is 72,500, with28.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New Fairview, the median commute time of resident workers (in minutes) is 39.8. And last, but certainly not least, are you looking for homes to rent in New Fairview? If so, the average rent price paid by renters in New Fairview is 1,297, according to recent statistics.

Diversity And Demographics In New Fairview, Texas

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 New Fairview, 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 New Fairview is 34.7, split between 52.1 percent male versus 47.9 female. The percentage of residents who report being married in New Fairview is 53.8, with an average family size of 4.06.

The percentage of residents who report their race in New Fairview is as follows:

White 85%
Black / African American 0.4%
Asian 0%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 11.7%
Other 2.5%

Looking for family-friendly neighborhoods in and/or near New Fairview? Or maybe you are searching for 55+ active adult communities in and/or near New Fairview?

The percentage of residents who report their age in New Fairview is as follows:

Under 10 16.6%
Aged 10-19 16.6%
20s 10.1%
30s 15.8%
40s 12.9%
50s 11.2%
60s 9.3%
70s 4.2%
80+ 3.2%

Best Schools In New Fairview, Texas

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 New Fairview with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in New Fairview.

Pros And Cons Of Living In New Fairview, Texas

How do you know that living in -- or moving to -- New Fairview is right where you need to be? Perhaps you grew up in New Fairview or already live nearby; therefore, the decision to buy a home in New Fairview is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to New Fairview 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 New Fairview:

  • 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 New Fairview.

Reasons To Move To New Fairview, Texas, 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 New Fairview can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in New Fairview, meanwhile, can field multiple offers from more qualified buyers.


Listing types in New Fairview, TX

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