Living in Kermit, WV
Kermit, WV is a quaint small town situated in the Appalachian foothills, boasting a warm community spirit and beautiful natural surroundings. Known for its outdoor recreational opportunities, Kermit provides a serene lifestyle for families and retirees alike. While it may not have extensive amenities, the surrounding areas offer additional shopping and entertainment options.
Current Market Conditions in Kermit, WV
The real estate market in Kermit, WV, remains stable with modest growth due to its appeal among those seeking rural living. The community's quiet charm and affordable housing attract buyers looking for single-family homes and land, emphasizing a peaceful lifestyle away from city noise.
Recently, Kermit's market has seen an increase in interest from families and retirees, which has led to a slight uptick in home prices. However, the overall cost of homes in Kermit remains lower than the national average, providing an attractive option for investment.
Home Value Estimator For Kermit, WV
There are currently 75 real estate properties
in Kermit, WV,
with a median automated valuation model (AVM) price
of $75,086.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Kermit, WV, 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 Kermit, WV,
is $93,153.00, with the most expensive house
in Kermit, WV, topping out
at $333,503.00 and the cheapest home
in Kermit, WV,
clocking in at $16,480.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Kermit, WV!
Rent Prices
In Kermit, WV
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Kermit, WV, is on
a rollercoaster ride. The
average rent price in Kermit, WV,
is $879.00. Indeed, when looking to rent in
Kermit, WV, you can expect to pay as little
as $570.00 or as much
as $1,490.00,
with the average rent median estimated to
be $870.00. The good news is that finding
an affordable and desirable property to rent in Kermit, WV
-- 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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