Living in Abingdon, VA
Abingdon is a quaint town nestled in the picturesque Blue Ridge Mountains of Virginia. Known for its charming downtown and rich history, Abingdon offers a serene environment with outdoor activities and artistic attractions. It is well-suited for families and retirees alike, providing a mix of small-town charm and modern amenities.
Current Market Conditions in Abingdon, VA
The real estate market in Abingdon has shown steady growth, driven by its attractive lifestyle and relatively affordable housing. As more people seek out small-town communities with rich cultural backgrounds, the demand for homes in Abingdon has increased, leading to a rise in prices over the past few years. The variety of available properties, from historic homes to new constructions, caters to a range of buyers while the market continues to be competitive, especially for well-maintained listings.
In recent months, the local market has remained strong despite the broader economic changes, with many properties experiencing quick sales. Home improvements and updates have become vital for sellers to attract buyers, as many potential homeowners are looking for modern amenities in charming historic settings.
Home Value Estimator For Abingdon, VA
There are currently 11,194 real estate properties
in Abingdon, VA,
with a median automated valuation model (AVM) price
of $283,096.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Abingdon, 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 Abingdon, VA,
is $344,010.00, with the most expensive house
in Abingdon, VA, topping out
at $31,500,372.00 and the cheapest home
in Abingdon, VA,
clocking in at $15,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Abingdon, VA!
Rent Prices
In Abingdon, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Abingdon, VA, is on
a rollercoaster ride. The
average rent price in Abingdon, VA,
is $1,175.00. Indeed, when looking to rent in
Abingdon, VA, you can expect to pay as little
as $450.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Abingdon, 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.
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