There are currently 164 real estate properties in Orestes, IN, with a median automated valuation model (AVM) price of $103,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orestes, IN, 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 Orestes, IN, is $111,685.00, with the most expensive house in Orestes, IN, topping out at $380,300.00 and the cheapest home in Orestes, IN, clocking in at $64,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Orestes, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orestes, IN, is on a rollercoaster ride. The average rent price in Orestes, IN, is $869.00. Indeed, when looking to rent in Orestes, IN, you can expect to pay as little as $610.00 or as much as $1,200.00, with the average rent median estimated to be $830.00. The good news is that finding an affordable and desirable property to rent in Orestes, IN -- 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 Orestes, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Orestes, IN and much more. Save thousands at closing with home foreclosure listings in Orestes, IN — up to 75% off market value!
Orestes is located in Madison, Indiana, with an estimated municipal population of 404 residents. All of the best foreclosed homes for sale in Orestes are located in the following zip code areas on Foreclosure.com: 46001 46063. The estimated population per square kilometer (.62 miles) in Orestes is 386.
So, about how much do homes cost in Orestes? The most recent median value of resident-owned homes in Orestes is 56,041. An estimated 71.6 percent of households in Orestes own their homes, with an average family size of 3.42. The median household income in Orestes is 50,074, with14.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Orestes, the median commute time of resident workers (in minutes) is 23.1. And last, but certainly not least, are you looking for homes to rent in Orestes? If so, the average rent price paid by renters in Orestes is 743, 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 Orestes, 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 Orestes is 37, split between 57.4 percent male versus 42.6 female. The percentage of residents who report being married in Orestes is 43, with an average family size of 3.42.
The percentage of residents who report their race in Orestes is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Orestes? Or maybe you are searching for 55+ active adult communities in and/or near Orestes?
The percentage of residents who report their age in Orestes 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 Orestes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Orestes.
How do you know that living in -- or moving to -- Orestes is right where you need to be? Perhaps you grew up in Orestes or already live nearby; therefore, the decision to buy a home in Orestes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Orestes 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 Orestes:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Orestes.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Orestes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Orestes, meanwhile, can field multiple offers from more qualified buyers.