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Foreclosure Auction Homes in Drakes Branch, VA

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Drakes Branch, VA Foreclosures

How much do homes sell for in Drakes Branch, VA?
The average home price is currently $173,660.
In Drakes Branch, VA, how many homes are available?
There are currently 9 active home listings available in Drakes Branch.
What’s the average rental cost in Drakes Branch, VA?
The average rental price in Drakes Branch is $985.
What is the most expensive home in Drakes Branch?
The most expensive home sold in Drakes Branch had a price of $1,216,292.
What is currently the cheapest priced home in Drakes Branch, VA?
The cheapest home for sale in Drakes Branch is priced at $14,980.

Living in Drakes Branch, VA

Nestled in Virginia, Drakes Branch is a small, picturesque town known for its tranquil rural lifestyle and friendly community. Residents enjoy easy access to nature and outdoor activities, as well as local amenities that support family life. It's an ideal location for those seeking a peaceful living environment surrounded by beautiful landscapes.

Current Market Conditions in Drakes Branch, VA

The real estate market in Drakes Branch remains stable, characterized by affordable home prices and a steady demand from buyers seeking quaint rural living. The area has not seen significant price surges, making it accessible for first-time homebuyers and those looking to invest in rental properties.

Increasing interest in the area, particularly from remote workers seeking space and tranquility, has led to a slight uptick in property inquiries, but the market remains balanced with adequate inventory.

Home Value Estimator For Drakes Branch, VA

There are currently 428 real estate properties in Drakes Branch, VA, with a median automated valuation model (AVM) price of $142,915.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Drakes Branch, VA, 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 Drakes Branch, VA, is $173,660.00, with the most expensive house in Drakes Branch, VA, topping out at $1,216,292.00 and the cheapest home in Drakes Branch, VA, clocking in at $14,980.00. In other words, there’s something for every potential homebuyer or savvy investor in Drakes Branch, VA!

Rent Prices In Drakes Branch, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Drakes Branch, VA, is on a rollercoaster ride. The average rent price in Drakes Branch, VA, is $985.00. Indeed, when looking to rent in Drakes Branch, VA, you can expect to pay as little as $510.00 or as much as $1,800.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Drakes Branch, VA -- 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.

Drakes Branch, VA Foreclosure Auction Homes


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