Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Somerville, MA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Somerville, MA and much more. Save thousands at closing with home foreclosure listings in Somerville, MA — up to 75% off market value!
Somerville is located in Middlesex, Massachusetts, with an estimated municipal population of 81,360 residents. All of the best foreclosed homes for sale in Somerville are located in the following zip code areas on Foreclosure.com: 02144 02145 02143. The estimated population per square kilometer (.62 miles) in Somerville is 7,619.
So, about how much do homes cost in Somerville? The most recent median value of resident-owned homes in Somerville is 667,599. An estimated 33.6 percent of households in Somerville own their homes, with an average family size of 2.89. The median household income in Somerville is 97,328, with48.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Somerville, the median commute time of resident workers (in minutes) is 32.6. And last, but certainly not least, are you looking for homes to rent in Somerville? If so, the average rent price paid by renters in Somerville is 1,874, 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 Somerville, 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 Somerville is 31.3, split between 49.6 percent male versus 50.4 female. The percentage of residents who report being married in Somerville is 32.4, with an average family size of 2.89.
The percentage of residents who report their race in Somerville is as follows:
|Black / African American||6.2%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Somerville? Or maybe you are searching for 55+ active adult communities in and/or near Somerville?
The percentage of residents who report their age in Somerville 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 Somerville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Somerville.
How do you know that living in -- or moving to -- Somerville is right where you need to be? Perhaps you grew up in Somerville or already live nearby; therefore, the decision to buy a home in Somerville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Somerville 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 Somerville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Somerville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Somerville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Somerville, meanwhile, can field multiple offers from more qualified buyers.
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