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Foreclosure Homes in Tea, SD

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N-rose-ave-Tea-SD-57064
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N Rose Ave
Tea, SD 57064

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Home Value Estimator For Tea, SD

There are currently 21 real estate properties in Tea, SD, with a median automated valuation model (AVM) price of $395,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tea, 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 Tea, SD, is $527,305.00, with the most expensive house in Tea, SD, topping out at $2,200,000.00 and the cheapest home in Tea, SD, clocking in at $146,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Tea, SD!


Rent Prices In Tea, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tea, SD, is on a rollercoaster ride. The average rent price in Tea, SD, is $1,782.00. Indeed, when looking to rent in Tea, SD, you can expect to pay as little as $1,100.00 or as much as $2,340.00, with the average rent median estimated to be $1,830.00. The good news is that finding an affordable and desirable property to rent in Tea, 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.


Foreclosure Homes in Tea, SD

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


Top Reasons To Live In Tea, SD In 2021

Tea is located in Lincoln, South Dakota, with an estimated municipal population of 6,031 residents. All of the best foreclosed homes for sale in Tea are located in the following zip code areas on Foreclosure.com: 57064. The estimated population per square kilometer (.62 miles) in Tea is 1,205.


Cost Of Living In Tea, SD

So, about how much do homes cost in Tea? The most recent median value of resident-owned homes in Tea is 201,812. An estimated 66.4 percent of households in Tea own their homes, with an average family size of 3.41. The median household income in Tea is 83,162, with37.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tea, the median commute time of resident workers (in minutes) is 18.7. And last, but certainly not least, are you looking for homes to rent in Tea? If so, the average rent price paid by renters in Tea is 971, according to recent statistics.


Diversity And Demographics In Tea, South Dakota

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 Tea, 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 Tea is 28.3, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Tea is 61.3, with an average family size of 3.41.

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

White 98.6%
Black / African American 0.4%
Asian 0.3%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 0.2%

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

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

Under 10 20.7%
Aged 10-19 18.5%
20s 14.6%
30s 16.7%
40s 17.2%
50s 7%
60s 3.3%
70s 1.5%
80+ 0.5%

Best Schools In Tea, South Dakota

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


Pros And Cons Of Living In Tea, South Dakota

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

  • 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 Tea.


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

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Listing types in Tea, SD

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