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Bankruptcy Homes in Van Wert, OH

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Home Value Estimator For Van Wert, OH

There are currently 5,844 real estate properties in Van Wert, OH, with a median automated valuation model (AVM) price of $153,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Van Wert, OH, 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 Van Wert, OH, is $191,109.00, with the most expensive house in Van Wert, OH, topping out at $2,717,862.00 and the cheapest home in Van Wert, OH, clocking in at $16,072.00. In other words, there’s something for every potential homebuyer or savvy investor in Van Wert, OH!


Rent Prices In Van Wert, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Van Wert, OH, is on a rollercoaster ride. The average rent price in Van Wert, OH, is $1,167.00. Indeed, when looking to rent in Van Wert, OH, you can expect to pay as little as $560.00 or as much as $1,980.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Van Wert, OH -- 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.


Top Reasons To Live In Van Wert, OH In 2024

Van Wert is located in Van Wert, Ohio, with an estimated municipal population of 10,676 residents. All of the best foreclosed homes for sale in Van Wert are located in the following zip code areas on Foreclosure.com: 45891. The estimated population per square kilometer (.62 miles) in Van Wert is 541.


Cost Of Living In Van Wert, OH

So, about how much do homes cost in Van Wert? The most recent median value of resident-owned homes in Van Wert is 89,487. An estimated 65.9 percent of households in Van Wert own their homes, with an average family size of 2.87. The median household income in Van Wert is 44,318, with11.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Van Wert, the median commute time of resident workers (in minutes) is 16.4. And last, but certainly not least, are you looking for homes to rent in Van Wert? If so, the average rent price paid by renters in Van Wert is 671, according to recent statistics.


Diversity And Demographics In Van Wert, Ohio

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 Van Wert, 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 Van Wert is 39.6, split between 46.2 percent male versus 53.8 female. The percentage of residents who report being married in Van Wert is 49.7, with an average family size of 2.87.

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

White 95.3%
Black / African American 2.6%
Asian 0.7%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0.2%

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

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

Under 10 14.6%
Aged 10-19 12.7%
20s 11.7%
30s 11.6%
40s 12.2%
50s 11.4%
60s 11.8%
70s 8.5%
80+ 5.7%

Best Schools In Van Wert, Ohio

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


Pros And Cons Of Living In Van Wert, Ohio

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

  • 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 Van Wert.


Reasons To Move To Van Wert, Ohio, In 2024

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

Van Wert, OH Bankruptcy Homes


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