Berea, KY Foreclosures
How much do homes sell for in Berea, KY?
The average home price is currently $266,839.
In Berea, KY, how many homes are available?
There are currently 5 active home listings available in Berea.
What’s the average rental cost in Berea, KY?
The average rental price in Berea is $957.
What is the most expensive home in Berea?
The most expensive home sold in Berea had a price of $145,041,272.
What is currently the cheapest priced home in Berea, KY?
The cheapest home for sale in Berea is priced at $10,115.
Living in Berea, KY
Berea, KY, is a charming small town known for its arts and crafts heritage, supported by Berea College. Surrounded by stunning Appalachian landscapes, it offers a relaxed lifestyle with access to outdoor activities and local attractions. The close-knit community is vibrant, with various events celebrating the local culture and arts.
Current Market Conditions in Berea, KY
The real estate market in Berea is currently experiencing a steady growth trend, with an increase in demand for both rental and purchase properties. Given its location near Berea College, the town attracts students, families, and retirees alike, contributing to a diverse demographic and a robust housing market.
Over the past several months, Berea has seen an uptick in home prices as buyers seek more affordable housing options compared to nearby urban areas. However, the market remains competitive, with homes selling quickly due to limited inventory and growing interest in the area.
Home Value Estimator For Berea, KY
There are currently 8,669 real estate properties
in Berea, KY,
with a median automated valuation model (AVM) price
of $227,768.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Berea, 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 Berea, KY,
is $266,839.00, with the most expensive house
in Berea, KY, topping out
at $145,041,272.00 and the cheapest home
in Berea, KY,
clocking in at $10,115.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Berea, KY!
Rent Prices
In Berea, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Berea, KY, is on
a rollercoaster ride. The
average rent price in Berea, KY,
is $957.00. Indeed, when looking to rent in
Berea, KY, you can expect to pay as little
as $500.00 or as much
as $2,500.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Berea, 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.
Learn more on Foreclosure homes
