There are currently 588 real estate properties in Santa Margarita, CA, with a median automated valuation model (AVM) price of $596,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Santa Margarita, CA, 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 Santa Margarita, CA, is $656,997.00, with the most expensive house in Santa Margarita, CA, topping out at $6,500,000.00 and the cheapest home in Santa Margarita, CA, clocking in at $115,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Santa Margarita, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Santa Margarita, CA, is on a rollercoaster ride. The average rent price in Santa Margarita, CA, is $2,009.00. Indeed, when looking to rent in Santa Margarita, CA, you can expect to pay as little as $1,230.00 or as much as $3,660.00, with the average rent median estimated to be $1,970.00. The good news is that finding an affordable and desirable property to rent in Santa Margarita, CA -- 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 Santa Margarita, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Santa Margarita, CA and much more. Save thousands at closing with home foreclosure listings in Santa Margarita, CA — up to 75% off market value!
Santa Margarita is located in San Luis Obispo, California, with an estimated municipal population of 1,122 residents. All of the best foreclosed homes for sale in Santa Margarita are located in the following zip code areas on Foreclosure.com: 93453. The estimated population per square kilometer (.62 miles) in Santa Margarita is 837.
So, about how much do homes cost in Santa Margarita? The most recent median value of resident-owned homes in Santa Margarita is 518,685. An estimated 71.6 percent of households in Santa Margarita own their homes, with an average family size of 2.41. The median household income in Santa Margarita is 49,071, with14 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Santa Margarita, the median commute time of resident workers (in minutes) is 15.1. And last, but certainly not least, are you looking for homes to rent in Santa Margarita? If so, the average rent price paid by renters in Santa Margarita is 978, 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 Santa Margarita, 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 Santa Margarita is 52.7, split between 56.3 percent male versus 43.7 female. The percentage of residents who report being married in Santa Margarita is 54.4, with an average family size of 2.41.
The percentage of residents who report their race in Santa Margarita is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Santa Margarita? Or maybe you are searching for 55+ active adult communities in and/or near Santa Margarita?
The percentage of residents who report their age in Santa Margarita 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 Santa Margarita with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Santa Margarita.
How do you know that living in -- or moving to -- Santa Margarita is right where you need to be? Perhaps you grew up in Santa Margarita or already live nearby; therefore, the decision to buy a home in Santa Margarita is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Santa Margarita 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 Santa Margarita:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Santa Margarita.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Santa Margarita can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Santa Margarita, meanwhile, can field multiple offers from more qualified buyers.
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