Bankruptcy Homes in Pomfret, MD

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Home Value Estimator For Pomfret, MD

There are currently 647 real estate properties in Pomfret, MD, with a median automated valuation model (AVM) price of $401,380.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pomfret, MD, 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 Pomfret, MD, is $439,334.00, with the most expensive house in Pomfret, MD, topping out at $1,424,698.00 and the cheapest home in Pomfret, MD, clocking in at $69,567.00. In other words, there’s something for every potential homebuyer or savvy investor in Pomfret, MD!

Rent Prices In Pomfret, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pomfret, MD, is on a rollercoaster ride. The average rent price in Pomfret, MD, is $2,339.00. Indeed, when looking to rent in Pomfret, MD, you can expect to pay as little as $1,290.00 or as much as $3,850.00, with the average rent median estimated to be $2,230.00. The good news is that finding an affordable and desirable property to rent in Pomfret, MD -- 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.

Top Reasons To Live In Pomfret, MD In 2024

Pomfret is located in Charles, Maryland, with an estimated municipal population of 519 residents. All of the best foreclosed homes for sale in Pomfret are located in the following zip code areas on 20675. The estimated population per square kilometer (.62 miles) in Pomfret is 73.

Cost Of Living In Pomfret, MD

So, about how much do homes cost in Pomfret? The most recent median value of resident-owned homes in Pomfret is 316,208. An estimated 100 percent of households in Pomfret own their homes, with an average family size of 3.26. The median household income in Pomfret is 108,640, with57.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pomfret, the median commute time of resident workers (in minutes) is 28.6.

Diversity And Demographics In Pomfret, Maryland

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 Pomfret, 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 Pomfret is 40.9, split between 50.9 percent male versus 49.1 female. The percentage of residents who report being married in Pomfret is 52, with an average family size of 3.26.

The percentage of residents who report their race in Pomfret is as follows:

White 28.3%
Black / African American 29.7%
Asian 5.6%
American Indian / Alaskan Native 6.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 30.3%
Other 0%

Looking for family-friendly neighborhoods in and/or near Pomfret? Or maybe you are searching for 55+ active adult communities in and/or near Pomfret?

The percentage of residents who report their age in Pomfret is as follows:

Under 10 7.9%
Aged 10-19 16.9%
20s 8.7%
30s 10.4%
40s 20.2%
50s 12.3%
60s 16.8%
70s 1.7%
80+ 5%

Best Schools In Pomfret, Maryland

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 Pomfret with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pomfret.

Pros And Cons Of Living In Pomfret, Maryland

How do you know that living in -- or moving to -- Pomfret is right where you need to be? Perhaps you grew up in Pomfret or already live nearby; therefore, the decision to buy a home in Pomfret is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pomfret 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 Pomfret:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pomfret.

Reasons To Move To Pomfret, Maryland, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pomfret can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pomfret, meanwhile, can field multiple offers from more qualified buyers.

Pomfret, MD Bankruptcy Homes


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