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Rent To Own Homes in Berea, KY 40403

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Berea, KY Foreclosures

How much do homes sell for in Berea, KY?
The average home price is currently $267,363.
In Berea, KY, how many homes are available?
There are currently 6 active home listings available in Berea.
What’s the average rental cost in Berea, KY?
The average rental price in Berea is $957.
What is the most expensive home in Berea?
The most expensive home sold in Berea had a price of $143,999,440.
What is currently the cheapest priced home in Berea, KY?
The cheapest home for sale in Berea is priced at $10,162.

Living in Berea, KY

Berea, Kentucky, is a vibrant small town known for its rich artistic heritage and strong community spirit. Home to Berea College, the town boasts a distinctive blend of natural beauty, cultural activities, and educational opportunities. Residents enjoy local artisan shops, outdoor recreational activities, and easy access to the surrounding scenic landscapes.

Current Market Conditions in Berea, KY

Berea's real estate market has seen a steady increase in home values over the past year, driven by the demand for affordable housing and the appeal of the small-town lifestyle. The local market is considered competitive, with more buyers looking for homes, leading to a decrease in available inventory. This shift has resulted in rising prices and a quicker turnover of listings.

Investors are taking notice of Berea's potential for rental properties due to the presence of the college and a growing population. With the push for more affordable housing and the charm of the community, many see this area as an attractive opportunity for long-term investment.

Home Value Estimator For Berea, KY

There are currently 8,669 real estate properties in Berea, KY, with a median automated valuation model (AVM) price of $228,645.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berea, KY, 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 Berea, KY, is $267,363.00, with the most expensive house in Berea, KY, topping out at $143,999,440.00 and the cheapest home in Berea, KY, clocking in at $10,162.00. In other words, there’s something for every potential homebuyer or savvy investor in Berea, KY!

Rent Prices In Berea, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berea, KY, is on a rollercoaster ride. The average rent price in Berea, KY, is $957.00. Indeed, when looking to rent in Berea, KY, you can expect to pay as little as $500.00 or as much as $2,500.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Berea, KY -- 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.

Berea, KY 40403 Rent To Own Homes

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