Living in Billings, OK
Billings, OK, is a picturesque small town characterized by its friendly community, lush natural surroundings, and essential amenities. Residents enjoy a peaceful lifestyle with a strong focus on education and outdoor activities, making it an attractive location for families and investors alike.
Current Market Conditions in Billings, OK
The real estate market in Billings, OK, is currently experiencing moderate growth, driven by an increase in demand for affordable single-family homes. This trend is propelled by families seeking a quieter lifestyle, as well as investors looking for properties with potential rental income.
With competitive prices compared to larger cities, the area is seeing an influx of new residents, which contributes positively to property values. Market trends indicate that this growth is likely to continue, making it a promising investment location for those looking to capitalize on the emerging opportunities in the region.
Home Value Estimator For Billings, OK
There are currently 225 real estate properties
in Billings, OK,
with a median automated valuation model (AVM) price
of $70,676.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Billings, OK, 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 Billings, OK,
is $115,711.00, with the most expensive house
in Billings, OK, topping out
at $685,702.00 and the cheapest home
in Billings, OK,
clocking in at $10,996.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Billings, OK!
Rent Prices
In Billings, OK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Billings, OK, is on
a rollercoaster ride. The
average rent price in Billings, OK,
is $886.00. Indeed, when looking to rent in
Billings, OK, you can expect to pay as little
as $480.00 or as much
as $2,020.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Billings, OK
-- 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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