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Foreclosure Homes in Wilmot, SD

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1st-ave-Wilmot-SD-57279
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1st Ave
Wilmot, SD 57279

5 1st-ave-s-Wilmot-SD-57279
Preforeclosure

1st Ave S
Wilmot, SD 57279

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Home Value Estimator For Wilmot, SD

There are currently 3 real estate properties in Wilmot, SD, with a median automated valuation model (AVM) price of $273,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wilmot, 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 Wilmot, SD, is $325,933.00, with the most expensive house in Wilmot, SD, topping out at $605,000.00 and the cheapest home in Wilmot, SD, clocking in at $98,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Wilmot, SD!


Rent Prices In Wilmot, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wilmot, SD, is on a rollercoaster ride. The average rent price in Wilmot, SD, is $1,407.00. Indeed, when looking to rent in Wilmot, SD, you can expect to pay as little as $900.00 or as much as $1,900.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Wilmot, 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 Wilmot, SD

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


Top Reasons To Live In Wilmot, SD In 2021

Wilmot is located in Roberts, South Dakota, with an estimated municipal population of 501 residents. All of the best foreclosed homes for sale in Wilmot are located in the following zip code areas on Foreclosure.com: 57279. The estimated population per square kilometer (.62 miles) in Wilmot is 362.


Cost Of Living In Wilmot, SD

So, about how much do homes cost in Wilmot? The most recent median value of resident-owned homes in Wilmot is 72,830. An estimated 69.3 percent of households in Wilmot own their homes, with an average family size of 2.69. The median household income in Wilmot is 46,250, with13.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wilmot, the median commute time of resident workers (in minutes) is 17.3. And last, but certainly not least, are you looking for homes to rent in Wilmot? If so, the average rent price paid by renters in Wilmot is 604, according to recent statistics.


Diversity And Demographics In Wilmot, 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 Wilmot, 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 Wilmot is 45, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Wilmot is 53.7, with an average family size of 2.69.

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

White 90.5%
Black / African American 0.4%
Asian 0%
American Indian / Alaskan Native 2.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.5%
Other 5.9%

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

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

Under 10 7.5%
Aged 10-19 15.1%
20s 15.9%
30s 8.4%
40s 6.1%
50s 11.1%
60s 11.4%
70s 11%
80+ 13.5%

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


Pros And Cons Of Living In Wilmot, South Dakota

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

  • 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 Wilmot.


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

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Listing types in Wilmot, SD

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