Foxborough Multi-Family Homes
Foxboro or Foxborough, located in Norfolk County, is 18 miles northeast of Providence, Rhode Island, and 22 miles southwest of Boston. Gillette Stadium, home of NFL team, the New England Patriots, and the MLS team, the New England Revolution, is located in the city. It is a family-friendly town with a small town feel. The city offers community activities, sports for kids, and a variety of organizations for adults. Residents also have access to hiking, biking, horseback riding, and cross country skiing at the F. Gilbert Hills State Forest. There are also some stone structures to explore at the F. Gilbert Hills State Forest that may have been built by the Algonquin Indians. The city includes these neighborhoods that are among the most expensive and popular neighborhoods in the city with the highest appreciation rates.
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- Town Center
- The East Side and Camp Lincoln Hill
In the city, there are 6,352 housing units with 66.2-percent owner-occupied and a median home value of $465,788. The appreciation rate for the city has been 60.79-percent since 2000, which is an average of 2.67-percent per year. Most of the homes in this city were built between 1970 and 1999 with 16.9-percent built before 1939, 30.5-percent built between 1940 and 1969, 41.8-percent built between 1970 and 1999, and 10.7-percent built since 2000. The housing units are 63.0-percent single family housing, 3.1-percent townhomes, 10.0-percent small apartment buildings, 22.9-percent apartment complexes, and 0.9-percent mobile homes. The median rent is $2,107 per month.
The population is 17,519 with 85.46-percent of the residents in white-collar jobs. The average daily commute to work is 33 minutes with many of the residents using the rail system. Among the residents, 46.07-percent have a bachelor's degree or higher. According to the 2010 census, the per capita income was $44,217, and the median household income was $95,665.
This information can help you decide whether you want to buy multi-family housing in this city and what area you want to consider. However, it is a good idea to hire a knowledgeable and experienced real estate agent and use their knowledge to help you make this decision. Local real estate agents know the area, the current market, and potential changes in the market. They can help you choose properties that should give you the highest return on your investment with the potentially highest occupancy rate. They can provide information on any zoning restrictions, possible development in the area, and other information that is not always public knowledge. They can compare the properties in this city with properties in other cities to see where you can get the highest return on your investment and have the best occupancy rate. With their knowledge of the local market, they can also help you make an offer and negotiate with the seller so that your offer is accepted over offers from other potential buyers without you paying too much. Hiring a real estate agent to act as a buyer representative for you can make your purchase and future ownership a more positive experience.
If you have investment property that you are considering selling, a knowledgeable and experienced real estate agent will evaluate the market and let you know if this is a good time to sell. They will work with you to get you the best possible price with the fastest possible sale. An agent will help you set a price that will attract potential buyers but leave you room to negotiate. They will create the best marketing plan for your property. An agent will not only look at the amounts of any offers but they will scrutinize all potential buyers. If a buyer must sell another property before they can close, they may not be the best choice because they may delay or default on the closing, delaying your desire for a quick sale or costing you another potential buyer. So, letting a agent help you select a qualified buyer and negotiate the best sale price for you, will help sell your property quickly at a good price.
For expert advice on the Boston area real estate market, contact us to buy or list a multi-family property in Foxboro.
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