There are currently 204 real estate properties in Redvale, CO, with a median automated valuation model (AVM) price of $238,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Redvale, CO, 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 Redvale, CO, is $305,090.00, with the most expensive house in Redvale, CO, topping out at $2,027,008.00 and the cheapest home in Redvale, CO, clocking in at $36,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Redvale, CO!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Redvale, CO, is on a rollercoaster ride. The average rent price in Redvale, CO, is $1,277.00. Indeed, when looking to rent in Redvale, CO, you can expect to pay as little as $610.00 or as much as $2,650.00, 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 Redvale, CO -- 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.
Redvale is located in Montrose, Colorado, with an estimated municipal population of 276 residents. All of the best foreclosed homes for sale in Redvale are located in the following zip code areas on Foreclosure.com: 81431. The estimated population per square kilometer (.62 miles) in Redvale is 22.
So, about how much do homes cost in Redvale? The most recent median value of resident-owned homes in Redvale is 157,646. An estimated 91.6 percent of households in Redvale own their homes, with an average family size of 2.8. The median household income in Redvale is 48,625, with0 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Redvale, the median commute time of resident workers (in minutes) is 26.6.
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 Redvale, 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 Redvale is 50.7, split between 67.4 percent male versus 32.6 female. The percentage of residents who report being married in Redvale is 40.5, with an average family size of 2.8.
The percentage of residents who report their race in Redvale is as follows:
| White | 94.6% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 5.4% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Redvale? Or maybe you are searching for 55+ active adult communities in and/or near Redvale?
The percentage of residents who report their age in Redvale is as follows:
| Under 10 | 0% |
| Aged 10-19 | 6.1% |
| 20s | 5.4% |
| 30s | 10.9% |
| 40s | 23.9% |
| 50s | 12.7% |
| 60s | 21.3% |
| 70s | 6.9% |
| 80+ | 12.7% |
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 Redvale with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Redvale.
How do you know that living in -- or moving to -- Redvale is right where you need to be? Perhaps you grew up in Redvale or already live nearby; therefore, the decision to buy a home in Redvale is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Redvale 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 Redvale:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Redvale.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Redvale can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Redvale, meanwhile, can field multiple offers from more qualified buyers.
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