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Foreclosure Auction Homes in Luray, VA

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Luray, VA Foreclosures

How much do homes sell for in Luray, VA?
The average home price is currently $354,302.
In Luray, VA, how many homes are available?
There are currently 11 active home listings available in Luray.
What’s the average rental cost in Luray, VA?
The average rental price in Luray is $1,343.
What is the most expensive home in Luray?
The most expensive home sold in Luray had a price of $4,041,398.
What is currently the cheapest priced home in Luray, VA?
The cheapest home for sale in Luray is priced at $12,779.

Living in Luray, VA

Luray, Virginia, is a picturesque town in the heart of the Shenandoah Valley, renowned for its breathtaking natural landscapes and rich cultural heritage. With the famous Luray Caverns and numerous outdoor activities, it balances recreational opportunities with a friendly, small-town feel. Luray is an ideal location for families and retirees alike seeking a tranquil lifestyle amidst stunning scenery.

Current Market Conditions in Luray, VA

The real estate market in Luray is currently experiencing steady growth, with a moderate increase in home values over the last year. This small town remains affordable compared to larger cities, making it appealing for first-time homebuyers and retirees.

Vacation rentals have become increasingly popular in Luray, fueled by tourism related to the Luray Caverns and outdoor attractions nearby. This has contributed to a rise in property demand, especially for homes suitable for short-term rentals.

Home Value Estimator For Luray, VA

There are currently 5,089 real estate properties in Luray, VA, with a median automated valuation model (AVM) price of $299,699.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luray, 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 Luray, VA, is $354,302.00, with the most expensive house in Luray, VA, topping out at $4,041,398.00 and the cheapest home in Luray, VA, clocking in at $12,779.00. In other words, there’s something for every potential homebuyer or savvy investor in Luray, VA!

Rent Prices In Luray, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luray, VA, is on a rollercoaster ride. The average rent price in Luray, VA, is $1,343.00. Indeed, when looking to rent in Luray, VA, you can expect to pay as little as $650.00 or as much as $2,820.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Luray, 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.

Luray, VA Foreclosure Auction Homes


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