Banks, OR Foreclosures
How much do homes sell for in Banks, OR?
The average home price is currently $652,102.
In Banks, OR, how many homes are available?
There are currently 4 active home listings available in Banks.
What’s the average rental cost in Banks, OR?
The average rental price in Banks is $1,492.
What is the most expensive home in Banks?
The most expensive home sold in Banks had a price of $4,800,162.
What is currently the cheapest priced home in Banks, OR?
The cheapest home for sale in Banks is priced at $13,450.
Living in Banks, OR
Banks, Oregon, is a quaint rural community offering a peaceful lifestyle with stunning natural surroundings. Conveniently located near major highways, it provides easy access to urban amenities while maintaining a close-knit, small-town atmosphere. Enjoy a variety of outdoor activities and a strong sense of community in this charming city.
Current Market Conditions in Banks, OR
The real estate market in Banks, OR, has shown steady growth over the past year due to its appeal as a rural residential area with proximity to urban centers. Buyers are increasingly looking for homes that provide space, outdoor activities, and a sense of community, which has driven up home values.
Currently, competition in the Banks housing market remains robust, with an increased number of buyers looking for homes that offer both affordability and quality. Homes are selling faster than in previous years, and inventory levels are lower, which is indicative of a seller's market.
Home Value Estimator For Banks, OR
There are currently 1,688 real estate properties
in Banks, OR,
with a median automated valuation model (AVM) price
of $572,336.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Banks, OR, 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 Banks, OR,
is $652,102.00, with the most expensive house
in Banks, OR, topping out
at $4,800,162.00 and the cheapest home
in Banks, OR,
clocking in at $13,450.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Banks, OR!
Rent Prices
In Banks, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Banks, OR, is on
a rollercoaster ride. The
average rent price in Banks, OR,
is $1,492.00. Indeed, when looking to rent in
Banks, OR, you can expect to pay as little
as $710.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,490.00. The good news is that finding
an affordable and desirable property to rent in Banks, OR
-- 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
