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Foreclosure Homes in Summerfield, NC

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Old-mill-dr-Summerfield-NC-27358
Bankruptcy
$113,475 EMV

Old Mill Dr
Summerfield, NC 27358

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Home Value Estimator For Summerfield, NC

There are currently 5,565 real estate properties in Summerfield, NC, with a median automated valuation model (AVM) price of $322,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Summerfield, NC, 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 Summerfield, NC, is $358,557.00, with the most expensive house in Summerfield, NC, topping out at $4,294,000.00 and the cheapest home in Summerfield, NC, clocking in at $24,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Summerfield, NC!


Rent Prices In Summerfield, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summerfield, NC, is on a rollercoaster ride. The average rent price in Summerfield, NC, is $1,638.00. Indeed, when looking to rent in Summerfield, NC, you can expect to pay as little as $540.00 or as much as $2,700.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Summerfield, NC -- 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 Summerfield, NC

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


Top Reasons To Live In Summerfield, NC In 2021

Summerfield is located in Guilford, North Carolina, with an estimated municipal population of 11,376 residents. All of the best foreclosed homes for sale in Summerfield are located in the following zip code areas on Foreclosure.com: 27358. The estimated population per square kilometer (.62 miles) in Summerfield is 166.


Cost Of Living In Summerfield, NC

So, about how much do homes cost in Summerfield? The most recent median value of resident-owned homes in Summerfield is 350,699. An estimated 87.4 percent of households in Summerfield own their homes, with an average family size of 3.21. The median household income in Summerfield is 103,769, with51.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Summerfield, the median commute time of resident workers (in minutes) is 23.6. And last, but certainly not least, are you looking for homes to rent in Summerfield? If so, the average rent price paid by renters in Summerfield is 961, according to recent statistics.


Diversity And Demographics In Summerfield, North Carolina

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 Summerfield, 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 Summerfield is 43.3, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Summerfield is 66, with an average family size of 3.21.

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

White 94.3%
Black / African American 2.4%
Asian 1.9%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

Looking for family-friendly neighborhoods in and/or near Summerfield? Or maybe you are searching for 55+ active adult communities in and/or near Summerfield?

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

Under 10 12.4%
Aged 10-19 16.6%
20s 7.5%
30s 10.3%
40s 14.7%
50s 17.5%
60s 11.1%
70s 5.7%
80+ 4.3%

Best Schools In Summerfield, North Carolina

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


Pros And Cons Of Living In Summerfield, North Carolina

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

  • 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 Summerfield.


Reasons To Move To Summerfield, North Carolina, 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 Summerfield can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Summerfield, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Summerfield, NC

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