Living in Amherst, VA
Amherst, VA is a charming small town offering a blend of rural life and community spirit. With stunning views of the Blue Ridge Mountains and a variety of local amenities, it's an ideal location for families and outdoor lovers. Nearby schools and recreational activities enhance the family-friendly environment.
Current Market Conditions in Amherst, VA
The real estate market in Amherst, VA is currently showing signs of steady growth, driven largely by the area's appeal to families and retirees seeking a quieter lifestyle. Property values have seen a modest increase, with demand primarily fueled by newcomers attracted to the scenic beauty and affordability of homes.
While the market has become competitive, particularly for single-family homes, the town retains a range of price points, making it accessible for different budgets. The availability of homes varies, with some neighborhoods experiencing quicker sales than others, reflecting local preferences and investments.
Home Value Estimator For Amherst, VA
There are currently 4,047 real estate properties
in Amherst, VA,
with a median automated valuation model (AVM) price
of $270,569.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Amherst, 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 Amherst, VA,
is $305,106.00, with the most expensive house
in Amherst, VA, topping out
at $4,298,430.00 and the cheapest home
in Amherst, VA,
clocking in at $15,126.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Amherst, VA!
Rent Prices
In Amherst, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Amherst, VA, is on
a rollercoaster ride. The
average rent price in Amherst, VA,
is $1,262.00. Indeed, when looking to rent in
Amherst, VA, you can expect to pay as little
as $580.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,230.00. The good news is that finding
an affordable and desirable property to rent in Amherst, 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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