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Rent To Own Homes in Locust Grove, VA 22508

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Locust Grove, VA Foreclosures

How much do homes sell for in Locust Grove, VA?
The average home price is currently $464,641.
In Locust Grove, VA, how many homes are available?
There are currently 9 active home listings available in Locust Grove.
What’s the average rental cost in Locust Grove, VA?
The average rental price in Locust Grove is $2,502.
What is the most expensive home in Locust Grove?
The most expensive home sold in Locust Grove had a price of $5,164,802.
What is currently the cheapest priced home in Locust Grove, VA?
The cheapest home for sale in Locust Grove is priced at $15,896.

Living in Locust Grove, VA

Locust Grove, VA offers a mix of small-town charm and outdoor recreational opportunities. The community is family-friendly, with excellent schools and various amenities. With the backdrop of Virginia's beautiful landscapes, Locust Grove is perfect for those seeking a balanced lifestyle.

Current Market Conditions in Locust Grove, VA

The real estate market in Locust Grove has been active, with a noticeable increase in demand for homes, particularly among families and retirees seeking a quieter lifestyle. Listings are moving quickly, often above asking prices due to competitive bidding.

Current trends indicate steady growth in home prices, reflecting the community's appeal and the ongoing demand for suburban living as more people seek affordable housing options away from urban centers.

Home Value Estimator For Locust Grove, VA

There are currently 6,413 real estate properties in Locust Grove, VA, with a median automated valuation model (AVM) price of $417,982.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Locust Grove, 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 Locust Grove, VA, is $464,641.00, with the most expensive house in Locust Grove, VA, topping out at $5,164,802.00 and the cheapest home in Locust Grove, VA, clocking in at $15,896.00. In other words, there’s something for every potential homebuyer or savvy investor in Locust Grove, VA!

Rent Prices In Locust Grove, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Locust Grove, VA, is on a rollercoaster ride. The average rent price in Locust Grove, VA, is $2,502.00. Indeed, when looking to rent in Locust Grove, VA, you can expect to pay as little as $570.00 or as much as $5,140.00, with the average rent median estimated to be $2,570.00. The good news is that finding an affordable and desirable property to rent in Locust Grove, 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.

Locust Grove, VA 22508 Rent To Own Homes

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