There are currently 806 real estate properties in Rich Square, NC, with a median automated valuation model (AVM) price of $75,313.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rich Square, NC, 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 Rich Square, NC, is $98,866.00, with the most expensive house in Rich Square, NC, topping out at $1,352,056.00 and the cheapest home in Rich Square, NC, clocking in at $5,806.00. In other words, there’s something for every potential homebuyer or savvy investor in Rich Square, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rich Square, NC, is on a rollercoaster ride. The average rent price in Rich Square, NC, is $828.00. Indeed, when looking to rent in Rich Square, NC, you can expect to pay as little as $410.00 or as much as $2,010.00, with the average rent median estimated to be $820.00. The good news is that finding an affordable and desirable property to rent in Rich Square, NC -- 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.
Rich Square is located in Northampton, North Carolina, with an estimated municipal population of 844 residents. All of the best foreclosed homes for sale in Rich Square are located in the following zip code areas on Foreclosure.com: 27869. The estimated population per square kilometer (.62 miles) in Rich Square is 105.
So, about how much do homes cost in Rich Square? The most recent median value of resident-owned homes in Rich Square is 74,208. An estimated 64.1 percent of households in Rich Square own their homes, with an average family size of 2.61. The median household income in Rich Square is 30,903, with10.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rich Square, the median commute time of resident workers (in minutes) is 26.2. And last, but certainly not least, are you looking for homes to rent in Rich Square? If so, the average rent price paid by renters in Rich Square is 693, 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 Rich Square, 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 Rich Square is 59.3, split between 45 percent male versus 55 female. The percentage of residents who report being married in Rich Square is 24, with an average family size of 2.61.
The percentage of residents who report their race in Rich Square is as follows:
| White | 32.7% |
| Black / African American | 66.2% |
| Asian | 1.2% |
| 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 Rich Square? Or maybe you are searching for 55+ active adult communities in and/or near Rich Square?
The percentage of residents who report their age in Rich Square is as follows:
| Under 10 | 9.4% |
| Aged 10-19 | 5.1% |
| 20s | 8.5% |
| 30s | 2.4% |
| 40s | 12.7% |
| 50s | 13.1% |
| 60s | 18.8% |
| 70s | 15% |
| 80+ | 15.1% |
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 Rich Square with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rich Square.
How do you know that living in -- or moving to -- Rich Square is right where you need to be? Perhaps you grew up in Rich Square or already live nearby; therefore, the decision to buy a home in Rich Square is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rich Square 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 Rich Square:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rich Square.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rich Square can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rich Square, meanwhile, can field multiple offers from more qualified buyers.
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