There are currently 1,057 real estate properties in Pequea, PA, with a median automated valuation model (AVM) price of $348,227.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pequea, PA, 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 Pequea, PA, is $402,544.00, with the most expensive house in Pequea, PA, topping out at $3,334,328.00 and the cheapest home in Pequea, PA, clocking in at $22,350.00. In other words, there’s something for every potential homebuyer or savvy investor in Pequea, PA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pequea, PA, is on a rollercoaster ride. The average rent price in Pequea, PA, is $1,403.00. Indeed, when looking to rent in Pequea, PA, you can expect to pay as little as $570.00 or as much as $2,460.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Pequea, PA -- 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.
Pequea is located in Lancaster, Pennsylvania, with an estimated municipal population of 4,978 residents. All of the best foreclosed homes for sale in Pequea are located in the following zip code areas on Foreclosure.com: 17584 17603 17516. The estimated population per square kilometer (.62 miles) in Pequea is 143.
So, about how much do homes cost in Pequea? The most recent median value of resident-owned homes in Pequea is 231,359. An estimated 86.7 percent of households in Pequea own their homes, with an average family size of 2.92. The median household income in Pequea is 80,417, with34.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pequea, the median commute time of resident workers (in minutes) is 24.6. And last, but certainly not least, are you looking for homes to rent in Pequea? If so, the average rent price paid by renters in Pequea is 973, 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 Pequea, 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 Pequea is 45.1, split between 50 percent male versus 50 female. The percentage of residents who report being married in Pequea is 64.8, with an average family size of 2.92.
The percentage of residents who report their race in Pequea is as follows:
| White | 95.9% |
| Black / African American | 0% |
| Asian | 1.7% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.7% |
| Other | 1.7% |
Looking for family-friendly neighborhoods in and/or near Pequea? Or maybe you are searching for 55+ active adult communities in and/or near Pequea?
The percentage of residents who report their age in Pequea is as follows:
| Under 10 | 10.5% |
| Aged 10-19 | 13.4% |
| 20s | 12% |
| 30s | 10.1% |
| 40s | 11.4% |
| 50s | 16.1% |
| 60s | 16.2% |
| 70s | 8.4% |
| 80+ | 2% |
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 Pequea with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pequea.
How do you know that living in -- or moving to -- Pequea is right where you need to be? Perhaps you grew up in Pequea or already live nearby; therefore, the decision to buy a home in Pequea is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pequea 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 Pequea:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pequea.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pequea can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pequea, meanwhile, can field multiple offers from more qualified buyers.
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