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Bankruptcy Homes in Medway, MA

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Home Value Estimator For Medway, MA

There are currently 4,220 real estate properties in Medway, MA, with a median automated valuation model (AVM) price of $602,618.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medway, MA, 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 Medway, MA, is $626,188.00, with the most expensive house in Medway, MA, topping out at $1,883,000.00 and the cheapest home in Medway, MA, clocking in at $159,749.00. In other words, there’s something for every potential homebuyer or savvy investor in Medway, MA!


Rent Prices In Medway, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medway, MA, is on a rollercoaster ride. The average rent price in Medway, MA, is $2,152.00. Indeed, when looking to rent in Medway, MA, you can expect to pay as little as $1,250.00 or as much as $3,100.00, with the average rent median estimated to be $2,160.00. The good news is that finding an affordable and desirable property to rent in Medway, MA -- 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 Medway, MA In 2024

Medway is located in Norfolk, Massachusetts, with an estimated municipal population of 13,325 residents. All of the best foreclosed homes for sale in Medway are located in the following zip code areas on Foreclosure.com: 02053. The estimated population per square kilometer (.62 miles) in Medway is 445.


Cost Of Living In Medway, MA

So, about how much do homes cost in Medway? The most recent median value of resident-owned homes in Medway is 413,114. An estimated 89.9 percent of households in Medway own their homes, with an average family size of 3.2. The median household income in Medway is 132,823, with65.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Medway, the median commute time of resident workers (in minutes) is 37.5. And last, but certainly not least, are you looking for homes to rent in Medway? If so, the average rent price paid by renters in Medway is 1,188, according to recent statistics.


Diversity And Demographics In Medway, Massachusetts

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 Medway, 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 Medway is 41.6, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Medway is 56.9, with an average family size of 3.2.

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

White 90.9%
Black / African American 2.8%
Asian 2.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.7%
Other 0.3%

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

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

Under 10 11.9%
Aged 10-19 15.1%
20s 9.4%
30s 12.4%
40s 13.8%
50s 17.8%
60s 9.9%
70s 6.1%
80+ 3.4%

Best Schools In Medway, Massachusetts

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


Pros And Cons Of Living In Medway, Massachusetts

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

  • 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 Medway.


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

Medway, MA Bankruptcy Homes


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