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Foreclosure Homes in Newsoms, VA

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Thomaston-rd-Newsoms-VA-23874
Preforeclosure
$81,794 EMV
Thomaston-rd-Newsoms-VA-23874
Bankruptcy
$87,106 EMV

2 Bed | 1 Bath | 960 Sq. Ft.

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Home Value Estimator For Newsoms, VA

There are currently 228 real estate properties in Newsoms, VA, with a median automated valuation model (AVM) price of $170,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newsoms, VA, 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 Newsoms, VA, is $190,547.00, with the most expensive house in Newsoms, VA, topping out at $530,149.00 and the cheapest home in Newsoms, VA, clocking in at $60,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Newsoms, VA!


Rent Prices In Newsoms, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newsoms, VA, is on a rollercoaster ride. The average rent price in Newsoms, VA, is $991.00. Indeed, when looking to rent in Newsoms, VA, you can expect to pay as little as $660.00 or as much as $1,610.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Newsoms, VA -- 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 Newsoms, VA

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


Top Reasons To Live In Newsoms, VA In 2022

Newsoms is located in Southampton, Virginia, with an estimated municipal population of 297 residents. All of the best foreclosed homes for sale in Newsoms are located in the following zip code areas on Foreclosure.com: 23874. The estimated population per square kilometer (.62 miles) in Newsoms is 229.


Cost Of Living In Newsoms, VA

So, about how much do homes cost in Newsoms? The most recent median value of resident-owned homes in Newsoms is 140,498. An estimated 75.9 percent of households in Newsoms own their homes, with an average family size of 2.77. The median household income in Newsoms is 43,750, with20.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Newsoms, the median commute time of resident workers (in minutes) is 27.4. And last, but certainly not least, are you looking for homes to rent in Newsoms? If so, the average rent price paid by renters in Newsoms is 938, according to recent statistics.


Diversity And Demographics In Newsoms, Virginia

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 Newsoms, 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 Newsoms is 47.4, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in Newsoms is 50, with an average family size of 2.77.

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

White 54.2%
Black / African American 41.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.3%
Other 0%

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

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

Under 10 8.4%
Aged 10-19 8.9%
20s 12.5%
30s 16%
40s 9.9%
50s 18%
60s 14.8%
70s 10.1%
80+ 1.5%

Best Schools In Newsoms, Virginia

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


Pros And Cons Of Living In Newsoms, Virginia

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

  • 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 Newsoms.


Reasons To Move To Newsoms, Virginia, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Newsoms can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Newsoms, meanwhile, can field multiple offers from more qualified buyers.

Newsoms, VA Foreclosures


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