There are currently 428 real estate properties in Payette, ID, with a median automated valuation model (AVM) price of $184,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Payette, ID, 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 Payette, ID, is $245,170.00, with the most expensive house in Payette, ID, topping out at $1,254,691.00 and the cheapest home in Payette, ID, clocking in at $77,685.00. In other words, there’s something for every potential homebuyer or savvy investor in Payette, ID!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Payette, ID, is on a rollercoaster ride. The average rent price in Payette, ID, is $1,047.00. Indeed, when looking to rent in Payette, ID, you can expect to pay as little as $790.00 or as much as $1,480.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Payette, ID -- 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.
Payette is located in Payette, Idaho, with an estimated municipal population of 7,727 residents. All of the best foreclosed homes for sale in Payette are located in the following zip code areas on Foreclosure.com: 83661. The estimated population per square kilometer (.62 miles) in Payette is 749.
So, about how much do homes cost in Payette? The most recent median value of resident-owned homes in Payette is 117,062. An estimated 58.7 percent of households in Payette own their homes, with an average family size of 3.07. The median household income in Payette is 47,607, with11.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Payette, the median commute time of resident workers (in minutes) is 17.2. And last, but certainly not least, are you looking for homes to rent in Payette? If so, the average rent price paid by renters in Payette is 760, 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 Payette, 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 Payette is 40.5, split between 51.8 percent male versus 48.2 female. The percentage of residents who report being married in Payette is 49.2, with an average family size of 3.07.
The percentage of residents who report their race in Payette is as follows:
White | 90.4% |
Black / African American | 0.3% |
Asian | 0.2% |
American Indian / Alaskan Native | 1% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 4.7% |
Other | 3.5% |
Looking for family-friendly neighborhoods in and/or near Payette? Or maybe you are searching for 55+ active adult communities in and/or near Payette?
The percentage of residents who report their age in Payette is as follows:
Under 10 | 16.5% |
Aged 10-19 | 8.1% |
20s | 15% |
30s | 9.6% |
40s | 13.7% |
50s | 13.4% |
60s | 10.9% |
70s | 8.4% |
80+ | 4.3% |
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 Payette with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Payette.
How do you know that living in -- or moving to -- Payette is right where you need to be? Perhaps you grew up in Payette or already live nearby; therefore, the decision to buy a home in Payette is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Payette 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 Payette:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Payette.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Payette can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Payette, meanwhile, can field multiple offers from more qualified buyers.
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