Ararat, VA Foreclosures
How much do homes sell for in Ararat, VA?
The average home price is currently $182,759.
What’s the average rental cost in Ararat, VA?
The average rental price in Ararat is $990.
What is the most expensive home in Ararat?
The most expensive home sold in Ararat had a price of $1,003,510.
What is currently the cheapest priced home in Ararat, VA?
The cheapest home for sale in Ararat is priced at $12,770.
Living in Ararat, VA
Ararat, VA, is a serene rural community nestled in the Blue Ridge Mountains. Known for its friendly atmosphere and scenic landscapes, it offers ample opportunities for outdoor recreation. With access to local amenities and a close-knit community feel, it is an ideal place for families and nature lovers alike.
Current Market Conditions in Ararat, VA
The real estate market in Ararat has seen steady growth over the past year, with a noticeable increase in demand for rural properties. The area appeals to buyers looking for tranquility and natural beauty, leading to higher competition for homes even in the lower price ranges.
Current trends indicate that homes in Ararat are selling quickly, often above asking price, as more people seek homes in quieter, scenic locations post-pandemic. Listings are often seeing multiple offers, which highlights the area's desirability.
New constructions and renovations are becoming more common as families look to settle in the area, creating a vibrant mix of new and established homes.
Home Value Estimator For Ararat, VA
There are currently 930 real estate properties
in Ararat, VA,
with a median automated valuation model (AVM) price
of $166,271.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ararat, 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 Ararat, VA,
is $182,759.00, with the most expensive house
in Ararat, VA, topping out
at $1,003,510.00 and the cheapest home
in Ararat, VA,
clocking in at $12,770.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ararat, VA!
Rent Prices
In Ararat, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ararat, VA, is on
a rollercoaster ride. The
average rent price in Ararat, VA,
is $990.00. Indeed, when looking to rent in
Ararat, VA, you can expect to pay as little
as $570.00 or as much
as $2,540.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Ararat, 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.
Learn more on Foreclosure homes
