Bankruptcy Homes in North Olmsted, OH

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Home Value Estimator For North Olmsted, OH

There are currently 11,385 real estate properties in North Olmsted, OH, with a median automated valuation model (AVM) price of $225,776.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in North Olmsted, OH, 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 North Olmsted, OH, is $221,548.00, with the most expensive house in North Olmsted, OH, topping out at $2,006,600.00 and the cheapest home in North Olmsted, OH, clocking in at $22,512.00. In other words, there’s something for every potential homebuyer or savvy investor in North Olmsted, OH!

Rent Prices In North Olmsted, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in North Olmsted, OH, is on a rollercoaster ride. The average rent price in North Olmsted, OH, is $1,454.00. Indeed, when looking to rent in North Olmsted, OH, you can expect to pay as little as $560.00 or as much as $2,320.00, with the average rent median estimated to be $1,490.00. The good news is that finding an affordable and desirable property to rent in North Olmsted, OH -- 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 North Olmsted, OH In 2024

North Olmsted is located in Cuyahoga, Ohio, with an estimated municipal population of 31,341 residents. All of the best foreclosed homes for sale in North Olmsted are located in the following zip code areas on 44070. The estimated population per square kilometer (.62 miles) in North Olmsted is 1,036.

Cost Of Living In North Olmsted, OH

So, about how much do homes cost in North Olmsted? The most recent median value of resident-owned homes in North Olmsted is 156,480. An estimated 74.6 percent of households in North Olmsted own their homes, with an average family size of 3.04. The median household income in North Olmsted is 64,236, with27.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in North Olmsted, the median commute time of resident workers (in minutes) is 25.1. And last, but certainly not least, are you looking for homes to rent in North Olmsted? If so, the average rent price paid by renters in North Olmsted is 902, according to recent statistics.

Diversity And Demographics In North Olmsted, Ohio

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 North Olmsted, 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 North Olmsted is 44.4, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in North Olmsted is 53.1, with an average family size of 3.04.

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

White 91.9%
Black / African American 2.3%
Asian 2.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.5%
Other 0.5%

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

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

Under 10 9.5%
Aged 10-19 12.7%
20s 11.2%
30s 11.4%
40s 13.1%
50s 13.4%
60s 15%
70s 8.1%
80+ 5.5%

Best Schools In North Olmsted, Ohio

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

Pros And Cons Of Living In North Olmsted, Ohio

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

  • 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 North Olmsted.

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

North Olmsted, OH Bankruptcy Homes


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