There are currently 70 real estate properties in Summerset, SD, with a median automated valuation model (AVM) price of $364,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Summerset, SD, 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 Summerset, SD, is $338,113.00, with the most expensive house in Summerset, SD, topping out at $605,600.00 and the cheapest home in Summerset, SD, clocking in at $124,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Summerset, SD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summerset, SD, is on a rollercoaster ride. The average rent price in Summerset, SD, is $1,643.00. Indeed, when looking to rent in Summerset, SD, you can expect to pay as little as $1,120.00 or as much as $2,250.00, with the average rent median estimated to be $1,630.00. The good news is that finding an affordable and desirable property to rent in Summerset, SD -- 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 Summerset, SD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Summerset, SD and much more. Save thousands at closing with home foreclosure listings in Summerset, SD — up to 75% off market value!
Summerset is located in Meade, South Dakota, with an estimated municipal population of 2,660 residents. All of the best foreclosed homes for sale in Summerset are located in the following zip code areas on Foreclosure.com: 57718 57769. The estimated population per square kilometer (.62 miles) in Summerset is 381.
So, about how much do homes cost in Summerset? The most recent median value of resident-owned homes in Summerset is 225,440. An estimated 85.3 percent of households in Summerset own their homes, with an average family size of 3.01. The median household income in Summerset is 88,526, with34.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Summerset, the median commute time of resident workers (in minutes) is 21.7. And last, but certainly not least, are you looking for homes to rent in Summerset? If so, the average rent price paid by renters in Summerset is 1,127, 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 Summerset, 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 Summerset is 32.5, split between 52.4 percent male versus 47.6 female. The percentage of residents who report being married in Summerset is 64.3, with an average family size of 3.01.
The percentage of residents who report their race in Summerset is as follows:
| White | 91.7% |
| Black / African American | 3.9% |
| Asian | 1.3% |
| American Indian / Alaskan Native | 1.4% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.8% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Summerset? Or maybe you are searching for 55+ active adult communities in and/or near Summerset?
The percentage of residents who report their age in Summerset is as follows:
| Under 10 | 15.2% |
| Aged 10-19 | 15.6% |
| 20s | 15.8% |
| 30s | 15.7% |
| 40s | 13.5% |
| 50s | 8.3% |
| 60s | 5.5% |
| 70s | 8.6% |
| 80+ | 1.8% |
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 Summerset with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Summerset.
How do you know that living in -- or moving to -- Summerset is right where you need to be? Perhaps you grew up in Summerset or already live nearby; therefore, the decision to buy a home in Summerset is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Summerset 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 Summerset:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Summerset.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Summerset can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Summerset, meanwhile, can field multiple offers from more qualified buyers.
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