Short Sale Listings in Nora Springs, IA

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View this home at N Iowa Ave Nora Springs IA 50458
$204,152 EMV
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Home Value Estimator For Nora Springs, IA

There are currently 792 real estate properties in Nora Springs, IA, with a median automated valuation model (AVM) price of $166,532.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Nora Springs, IA, 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 Nora Springs, IA, is $190,338.00, with the most expensive house in Nora Springs, IA, topping out at $1,179,000.00 and the cheapest home in Nora Springs, IA, clocking in at $11,648.00. In other words, there’s something for every potential homebuyer or savvy investor in Nora Springs, IA!

Rent Prices In Nora Springs, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Nora Springs, IA, is on a rollercoaster ride. The average rent price in Nora Springs, IA, is $1,260.00. Indeed, when looking to rent in Nora Springs, IA, you can expect to pay as little as $750.00 or as much as $2,070.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Nora Springs, IA -- 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.

Top Reasons To Live In Nora Springs, IA In 2024

Nora Springs is located in Floyd, Iowa, with an estimated municipal population of 1,354 residents. All of the best foreclosed homes for sale in Nora Springs are located in the following zip code areas on 50458. The estimated population per square kilometer (.62 miles) in Nora Springs is 238.

Cost Of Living In Nora Springs, IA

So, about how much do homes cost in Nora Springs? The most recent median value of resident-owned homes in Nora Springs is 95,974. An estimated 83.1 percent of households in Nora Springs own their homes, with an average family size of 3.03. The median household income in Nora Springs is 58,571, with22.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Nora Springs, the median commute time of resident workers (in minutes) is 21.8. And last, but certainly not least, are you looking for homes to rent in Nora Springs? If so, the average rent price paid by renters in Nora Springs is 760, according to recent statistics.

Diversity And Demographics In Nora Springs, Iowa

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 Nora Springs, 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 Nora Springs is 38.1, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Nora Springs is 53.7, with an average family size of 3.03.

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

White 97.3%
Black / African American 0.5%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2%
Other 0%

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

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

Under 10 17.6%
Aged 10-19 8.8%
20s 11.7%
30s 13.1%
40s 9.6%
50s 14%
60s 12.1%
70s 5.3%
80+ 7.8%

Best Schools In Nora Springs, Iowa

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

Pros And Cons Of Living In Nora Springs, Iowa

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

  • 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 Nora Springs.

Reasons To Move To Nora Springs, Iowa, In 2024

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

Nora Springs, IA Short Sale Listings


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