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Commercial Foreclosure in Shannon City, IA

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Shannon City, IA 50861

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Home Value Estimator For Shannon City, IA

There are currently 4 real estate properties in Shannon City, IA, with a median automated valuation model (AVM) price of $136,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shannon City, IA, 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 Shannon City, IA, is $159,150.00, with the most expensive house in Shannon City, IA, topping out at $235,600.00 and the cheapest home in Shannon City, IA, clocking in at $102,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Shannon City, IA!


Rent Prices In Shannon City, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shannon City, IA, is on a rollercoaster ride. The average rent price in Shannon City, IA, is $1,243.00. Indeed, when looking to rent in Shannon City, IA, you can expect to pay as little as $1,100.00 or as much as $1,440.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Shannon City, IA -- 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.


Foreclosure Homes in Shannon City, IA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Shannon City, IA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Shannon City, IA and much more. Save thousands at closing with home foreclosure listings in Shannon City, IA — up to 75% off market value!


Top Reasons To Live In Shannon City, IA In 2021

Shannon City is located in Union, Iowa, with an estimated municipal population of 69 residents. All of the best foreclosed homes for sale in Shannon City are located in the following zip code areas on Foreclosure.com: 50861. The estimated population per square kilometer (.62 miles) in Shannon City is 64.


Diversity And Demographics In Shannon City, Iowa

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 Shannon City, 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 Shannon City is 37.5, split between 65 percent male versus 35 female. The percentage of residents who report being married in Shannon City is 64.1, with an average family size of 2.58.

The percentage of residents who report their race in Shannon City is as follows:

White 100%
Black / African American 0%
Asian 0%
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 Shannon City? Or maybe you are searching for 55+ active adult communities in and/or near Shannon City?

The percentage of residents who report their age in Shannon City is as follows:

Under 10 8.8%
Aged 10-19 17.6%
20s 2.5%
30s 23.8%
40s 2.5%
50s 18.8%
60s 20%
70s 2.5%
80+ 3.8%

Best Schools In Shannon City, Iowa

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 Shannon City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Shannon City.


Pros And Cons Of Living In Shannon City, Iowa

How do you know that living in -- or moving to -- Shannon City is right where you need to be? Perhaps you grew up in Shannon City or already live nearby; therefore, the decision to buy a home in Shannon City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Shannon City 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 Shannon City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Shannon City.


Reasons To Move To Shannon City, Iowa, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Shannon City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Shannon City, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Shannon City, IA

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