There are currently 696 real estate properties in Salt Lick, KY, with a median automated valuation model (AVM) price of $114,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salt Lick, KY, 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 Salt Lick, KY, is $142,792.00, with the most expensive house in Salt Lick, KY, topping out at $676,161.00 and the cheapest home in Salt Lick, KY, clocking in at $15,690.00. In other words, there’s something for every potential homebuyer or savvy investor in Salt Lick, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salt Lick, KY, is on a rollercoaster ride. The average rent price in Salt Lick, KY, is $816.00. Indeed, when looking to rent in Salt Lick, KY, you can expect to pay as little as $470.00 or as much as $1,590.00, with the average rent median estimated to be $770.00. The good news is that finding an affordable and desirable property to rent in Salt Lick, KY -- 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.
Salt Lick is located in Bath, Kentucky, with an estimated municipal population of 327 residents. All of the best foreclosed homes for sale in Salt Lick are located in the following zip code areas on Foreclosure.com: 40371. The estimated population per square kilometer (.62 miles) in Salt Lick is 161.
So, about how much do homes cost in Salt Lick? The most recent median value of resident-owned homes in Salt Lick is 91,230. An estimated 51.9 percent of households in Salt Lick own their homes, with an average family size of 2.83. The median household income in Salt Lick is 29,375, with9.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Salt Lick, the median commute time of resident workers (in minutes) is 32.7. And last, but certainly not least, are you looking for homes to rent in Salt Lick? If so, the average rent price paid by renters in Salt Lick is 550, 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 Salt Lick, 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 Salt Lick is 45.2, split between 45 percent male versus 55 female. The percentage of residents who report being married in Salt Lick is 49, with an average family size of 2.83.
The percentage of residents who report their race in Salt Lick is as follows:
| White | 94.7% |
| Black / African American | 0% |
| Asian | 4% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.3% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Salt Lick? Or maybe you are searching for 55+ active adult communities in and/or near Salt Lick?
The percentage of residents who report their age in Salt Lick is as follows:
| Under 10 | 10.3% |
| Aged 10-19 | 11.7% |
| 20s | 19% |
| 30s | 3% |
| 40s | 14.6% |
| 50s | 26.3% |
| 60s | 8.6% |
| 70s | 4% |
| 80+ | 2.3% |
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 Salt Lick with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Salt Lick.
How do you know that living in -- or moving to -- Salt Lick is right where you need to be? Perhaps you grew up in Salt Lick or already live nearby; therefore, the decision to buy a home in Salt Lick is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Salt Lick 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 Salt Lick:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Salt Lick.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Salt Lick can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Salt Lick, meanwhile, can field multiple offers from more qualified buyers.
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