There are currently 415 real estate properties in Phelps, KY, with a median automated valuation model (AVM) price of $71,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phelps, KY, 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 Phelps, KY, is $81,346.00, with the most expensive house in Phelps, KY, topping out at $335,200.00 and the cheapest home in Phelps, KY, clocking in at $26,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Phelps, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phelps, KY, is on a rollercoaster ride. The average rent price in Phelps, KY, is $700.00. Indeed, when looking to rent in Phelps, KY, you can expect to pay as little as $380.00 or as much as $1,520.00, with the average rent median estimated to be $700.00. The good news is that finding an affordable and desirable property to rent in Phelps, KY -- 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 Phelps, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Phelps, KY and much more. Save thousands at closing with home foreclosure listings in Phelps, KY — up to 75% off market value!
Phelps is located in Pike, Kentucky, with an estimated municipal population of 771 residents. All of the best foreclosed homes for sale in Phelps are located in the following zip code areas on Foreclosure.com: 41553. The estimated population per square kilometer (.62 miles) in Phelps is 37.
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 Phelps, 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 Phelps is 48.7, split between 54.2 percent male versus 45.8 female. The percentage of residents who report being married in Phelps is 63.6, with an average family size of 2.64.
The percentage of residents who report their race in Phelps 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 Phelps? Or maybe you are searching for 55+ active adult communities in and/or near Phelps?
The percentage of residents who report their age in Phelps 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 Phelps with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Phelps.
How do you know that living in -- or moving to -- Phelps is right where you need to be? Perhaps you grew up in Phelps or already live nearby; therefore, the decision to buy a home in Phelps is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Phelps 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 Phelps:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Phelps.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Phelps can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Phelps, meanwhile, can field multiple offers from more qualified buyers.
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