Burnside, KY Foreclosures
How much do homes sell for in Burnside, KY?
The average home price is currently $154,335.
In Burnside, KY, how many homes are available?
There are currently 3 active home listings available in Burnside.
What’s the average rental cost in Burnside, KY?
The average rental price in Burnside is $811.
What is the most expensive home in Burnside?
The most expensive home sold in Burnside had a price of $1,579,399.
What is currently the cheapest priced home in Burnside, KY?
The cheapest home for sale in Burnside is priced at $6,977.
Living in Burnside, KY
Burnside, KY is a picturesque lakeside town known for its tranquil environment and outdoor recreational opportunities. Situated by Lake Cumberland, it offers residents access to various activities like fishing and boating while maintaining a tight-knit community feel. With essential amenities and educational institutions nearby, Burnside is an ideal location for families and those seeking peace away from city life.
Current Market Conditions in Burnside, KY
The current real estate market in Burnside, KY is showing a positive trend, with homes being listed at competitive prices due to the attractive lake views and recreational opportunities. The demand for properties near Lake Cumberland continues to rise, as more people are looking for vacation homes or permanent residences in the area. Although inventory is somewhat limited, buyers remain active, spurred by the combination of low-interest rates and the appeal of the natural surroundings.
Homes in Burnside are selling at varied price points, influenced by proximity to the lake and the sizes of the properties. Investors are recognizing the growth potential in this area, particularly as more residents seek out quiet, scenic getaways. The overall sentiment of the market suggests a stable appreciation trend, with forecasts indicating continued interest over the coming months.
Home Value Estimator For Burnside, KY
There are currently 2,545 real estate properties
in Burnside, KY,
with a median automated valuation model (AVM) price
of $115,900.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burnside, KY, 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 Burnside, KY,
is $154,335.00, with the most expensive house
in Burnside, KY, topping out
at $1,579,399.00 and the cheapest home
in Burnside, KY,
clocking in at $6,977.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burnside, KY!
Rent Prices
In Burnside, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burnside, KY, is on
a rollercoaster ride. The
average rent price in Burnside, KY,
is $811.00. Indeed, when looking to rent in
Burnside, KY, you can expect to pay as little
as $390.00 or as much
as $2,060.00,
with the average rent median estimated to
be $750.00. The good news is that finding
an affordable and desirable property to rent in Burnside, KY
-- 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.
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