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There are currently 31 real estate properties in Red Chute, LA, with a median automated valuation model (AVM) price of $129,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Red Chute, LA, 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 Red Chute, LA, is $140,271.00, with the most expensive house in Red Chute, LA, topping out at $267,300.00 and the cheapest home in Red Chute, LA, clocking in at $73,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Red Chute, LA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Red Chute, LA, is on a rollercoaster ride. The average rent price in Red Chute, LA, is $1,003.00. Indeed, when looking to rent in Red Chute, LA, you can expect to pay as little as $690.00 or as much as $1,280.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Red Chute, LA -- 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 Red Chute, LA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Red Chute, LA and much more. Save thousands at closing with home foreclosure listings in Red Chute, LA — up to 75% off market value!
Red Chute is located in Bossier, Louisiana, with an estimated municipal population of 7,335 residents. All of the best foreclosed homes for sale in Red Chute are located in the following zip code areas on Foreclosure.com: 71037. The estimated population per square kilometer (.62 miles) in Red Chute is 307.
So, about how much do homes cost in Red Chute? The most recent median value of resident-owned homes in Red Chute is 155,791. An estimated 78.3 percent of households in Red Chute own their homes, with an average family size of 3.28. The median household income in Red Chute is 52,043, with21.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Red Chute, the median commute time of resident workers (in minutes) is 35.2. And last, but certainly not least, are you looking for homes to rent in Red Chute? If so, the average rent price paid by renters in Red Chute is 1,057, 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 Red Chute, 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 Red Chute is 34.7, split between 51.6 percent male versus 48.4 female. The percentage of residents who report being married in Red Chute is 59, with an average family size of 3.28.
The percentage of residents who report their race in Red Chute is as follows:
|Black / African American||3.9%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Red Chute? Or maybe you are searching for 55+ active adult communities in and/or near Red Chute?
The percentage of residents who report their age in Red Chute 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 Red Chute with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Red Chute.
How do you know that living in -- or moving to -- Red Chute is right where you need to be? Perhaps you grew up in Red Chute or already live nearby; therefore, the decision to buy a home in Red Chute is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Red Chute 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 Red Chute:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Red Chute.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Red Chute can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Red Chute, meanwhile, can field multiple offers from more qualified buyers.
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