There are currently 32 real estate properties in Rumford, ME, with a median automated valuation model (AVM) price of $124,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rumford, ME, 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 Rumford, ME, is $168,356.00, with the most expensive house in Rumford, ME, topping out at $441,200.00 and the cheapest home in Rumford, ME, clocking in at $43,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Rumford, ME!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rumford, ME, is on a rollercoaster ride. The average rent price in Rumford, ME, is $866.00. Indeed, when looking to rent in Rumford, ME, you can expect to pay as little as $540.00 or as much as $1,340.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Rumford, ME -- 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 Rumford, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Rumford, ME and much more. Save thousands at closing with home foreclosure listings in Rumford, ME — up to 75% off market value!
Rumford is located in Oxford, Maine, with an estimated municipal population of 5,719 residents. All of the best foreclosed homes for sale in Rumford are located in the following zip code areas on Foreclosure.com: 04276. The estimated population per square kilometer (.62 miles) in Rumford is 32.
So, about how much do homes cost in Rumford? The most recent median value of resident-owned homes in Rumford is 89,666. An estimated 73 percent of households in Rumford own their homes, with an average family size of 3.08. The median household income in Rumford is 41,609, with13.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rumford, the median commute time of resident workers (in minutes) is 20.4. And last, but certainly not least, are you looking for homes to rent in Rumford? If so, the average rent price paid by renters in Rumford is 600, 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 Rumford, 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 Rumford is 54.5, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Rumford is 41.7, with an average family size of 3.08.
The percentage of residents who report their race in Rumford is as follows:
|Black / African American||0.9%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Rumford? Or maybe you are searching for 55+ active adult communities in and/or near Rumford?
The percentage of residents who report their age in Rumford 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 Rumford with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rumford.
How do you know that living in -- or moving to -- Rumford is right where you need to be? Perhaps you grew up in Rumford or already live nearby; therefore, the decision to buy a home in Rumford is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rumford 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 Rumford:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rumford.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rumford can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rumford, meanwhile, can field multiple offers from more qualified buyers.