There are currently 52 real estate properties in Patrick Springs, VA, with a median automated valuation model (AVM) price of $118,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Patrick Springs, 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 Patrick Springs, VA, is $143,459.00, with the most expensive house in Patrick Springs, VA, topping out at $588,000.00 and the cheapest home in Patrick Springs, VA, clocking in at $43,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Patrick Springs, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Patrick Springs, VA, is on a rollercoaster ride. The average rent price in Patrick Springs, VA, is $965.00. Indeed, when looking to rent in Patrick Springs, VA, you can expect to pay as little as $580.00 or as much as $1,910.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Patrick Springs, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Patrick Springs, VA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Patrick Springs, VA and much more. Save thousands at closing with home foreclosure listings in Patrick Springs, VA — up to 75% off market value!
Patrick Springs is located in Patrick, Virginia, with an estimated municipal population of 1,932 residents. All of the best foreclosed homes for sale in Patrick Springs are located in the following zip code areas on Foreclosure.com: 24133 24171. The estimated population per square kilometer (.62 miles) in Patrick Springs is 47.
So, about how much do homes cost in Patrick Springs? The most recent median value of resident-owned homes in Patrick Springs is 109,140. An estimated 80.5 percent of households in Patrick Springs own their homes, with an average family size of 2.67. The median household income in Patrick Springs is 45,786, with13.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Patrick Springs, the median commute time of resident workers (in minutes) is 27.9. And last, but certainly not least, are you looking for homes to rent in Patrick Springs? If so, the average rent price paid by renters in Patrick Springs is 562, 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 Patrick 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 Patrick Springs is 53.1, split between 44 percent male versus 56 female. The percentage of residents who report being married in Patrick Springs is 60.9, with an average family size of 2.67.
The percentage of residents who report their race in Patrick Springs is as follows:
|Black / African American||9.5%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Patrick Springs? Or maybe you are searching for 55+ active adult communities in and/or near Patrick Springs?
The percentage of residents who report their age in Patrick Springs 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 Patrick Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Patrick Springs.
How do you know that living in -- or moving to -- Patrick Springs is right where you need to be? Perhaps you grew up in Patrick Springs or already live nearby; therefore, the decision to buy a home in Patrick Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Patrick 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 Patrick Springs:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Patrick Springs.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Patrick Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Patrick Springs, meanwhile, can field multiple offers from more qualified buyers.
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