There are currently 13,792 real estate properties in Rancho Palos Verdes, CA, with a median automated valuation model (AVM) price of $1,988,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rancho Palos Verdes, CA, 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 Rancho Palos Verdes, CA, is $1,977,808.00, with the most expensive house in Rancho Palos Verdes, CA, topping out at $17,980,000.00 and the cheapest home in Rancho Palos Verdes, CA, clocking in at $466,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Rancho Palos Verdes, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rancho Palos Verdes, CA, is on a rollercoaster ride. The average rent price in Rancho Palos Verdes, CA, is $3,894.00. Indeed, when looking to rent in Rancho Palos Verdes, CA, you can expect to pay as little as $1,600.00 or as much as $5,220.00, with the average rent median estimated to be $3,950.00. The good news is that finding an affordable and desirable property to rent in Rancho Palos Verdes, CA -- 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 Rancho Palos Verdes, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Rancho Palos Verdes, CA and much more. Save thousands at closing with home foreclosure listings in Rancho Palos Verdes, CA — up to 75% off market value!
Rancho Palos Verdes is located in Los Angeles, California, with an estimated municipal population of 41,530 residents. All of the best foreclosed homes for sale in Rancho Palos Verdes are located in the following zip code areas on Foreclosure.com: 90275. The estimated population per square kilometer (.62 miles) in Rancho Palos Verdes is 1,190.
So, about how much do homes cost in Rancho Palos Verdes? The most recent median value of resident-owned homes in Rancho Palos Verdes is 1,159,530. An estimated 78 percent of households in Rancho Palos Verdes own their homes, with an average family size of 3.15. The median household income in Rancho Palos Verdes is 138,557, with63.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rancho Palos Verdes, the median commute time of resident workers (in minutes) is 36.4. And last, but certainly not least, are you looking for homes to rent in Rancho Palos Verdes? If so, the average rent price paid by renters in Rancho Palos Verdes is 2,643, 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 Rancho Palos Verdes, 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 Rancho Palos Verdes is 50, split between 48 percent male versus 52 female. The percentage of residents who report being married in Rancho Palos Verdes is 64.8, with an average family size of 3.15.
The percentage of residents who report their race in Rancho Palos Verdes is as follows:
|Black / African American||1.9%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0.9%|
Looking for family-friendly neighborhoods in and/or near Rancho Palos Verdes? Or maybe you are searching for 55+ active adult communities in and/or near Rancho Palos Verdes?
The percentage of residents who report their age in Rancho Palos Verdes 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 Rancho Palos Verdes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rancho Palos Verdes.
How do you know that living in -- or moving to -- Rancho Palos Verdes is right where you need to be? Perhaps you grew up in Rancho Palos Verdes or already live nearby; therefore, the decision to buy a home in Rancho Palos Verdes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rancho Palos Verdes 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 Rancho Palos Verdes:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rancho Palos Verdes.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rancho Palos Verdes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rancho Palos Verdes, meanwhile, can field multiple offers from more qualified buyers.
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