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Commercial Foreclosure in Promise City, IA

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Promise City, IA 52583

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Home Value Estimator For Promise City, IA

There are currently 52 real estate properties in Promise City, IA, with a median automated valuation model (AVM) price of $142,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Promise City, IA, 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 Promise City, IA, is $135,656.00, with the most expensive house in Promise City, IA, topping out at $249,900.00 and the cheapest home in Promise City, IA, clocking in at $46,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Promise City, IA!


Rent Prices In Promise City, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Promise City, IA, is on a rollercoaster ride. The average rent price in Promise City, IA, is $1,118.00. Indeed, when looking to rent in Promise City, IA, you can expect to pay as little as $780.00 or as much as $1,390.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Promise City, IA -- 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.


Foreclosure Homes in Promise City, IA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Promise City, IA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Promise City, IA and much more. Save thousands at closing with home foreclosure listings in Promise City, IA — up to 75% off market value!


Top Reasons To Live In Promise City, IA In 2021

Promise City is located in Wayne, Iowa, with an estimated municipal population of 108 residents. All of the best foreclosed homes for sale in Promise City are located in the following zip code areas on Foreclosure.com: 52583. The estimated population per square kilometer (.62 miles) in Promise City is 220.


Diversity And Demographics In Promise City, Iowa

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 Promise City, 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 Promise City is 55.5, split between 37.2 percent male versus 62.8 female. The percentage of residents who report being married in Promise City is 30.3, with an average family size of 2.39.

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

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 12.8%
Aged 10-19 3.9%
20s 7.7%
30s 3.8%
40s 17.9%
50s 24.3%
60s 11.5%
70s 11.5%
80+ 6.4%

Best Schools In Promise City, Iowa

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


Pros And Cons Of Living In Promise City, Iowa

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

  • 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 Promise City.


Reasons To Move To Promise City, Iowa, In 2021

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

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Listing types in Promise City, IA

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