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Affordable Housing in Brookneal, VA

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Brookneal, VA Foreclosures

How much do homes sell for in Brookneal, VA?
The average home price is currently $177,582.
In Brookneal, VA, how many homes are available?
There are currently 2 active home listings available in Brookneal.
What’s the average rental cost in Brookneal, VA?
The average rental price in Brookneal is $922.
What is the most expensive home in Brookneal?
The most expensive home sold in Brookneal had a price of $2,930,587.
What is currently the cheapest priced home in Brookneal, VA?
The cheapest home for sale in Brookneal is priced at $14,480.

Living in Brookneal, VA

Brookneal, VA is a small, serene town known for its close community and beautiful surroundings. With easy access to outdoor activities and local amenities, it offers a tranquil lifestyle while still being close to larger urban areas. Residents enjoy a variety of recreational options and a friendly atmosphere.

Current Market Conditions in Brookneal, VA

The real estate market in Brookneal is currently showing signs of stability with a slight increase in property values over the past few months. Demand for homes remains steady, driven by newcomers seeking the charm of small-town living. The average home price is around $200,000, making it an affordable option compared to neighboring areas like Lynchburg.

Homes in Brookneal typically sell within a reasonable timeframe, reflecting the town's popularity. Buyers are showing interest in homes that offer character and space, particularly those with land, as many residents are seeking more outdoor space due to recent trends emphasizing the importance of private areas.

Home Value Estimator For Brookneal, VA

There are currently 1,201 real estate properties in Brookneal, VA, with a median automated valuation model (AVM) price of $155,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Brookneal, 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 Brookneal, VA, is $177,582.00, with the most expensive house in Brookneal, VA, topping out at $2,930,587.00 and the cheapest home in Brookneal, VA, clocking in at $14,480.00. In other words, there’s something for every potential homebuyer or savvy investor in Brookneal, VA!

Rent Prices In Brookneal, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Brookneal, VA, is on a rollercoaster ride. The average rent price in Brookneal, VA, is $922.00. Indeed, when looking to rent in Brookneal, VA, you can expect to pay as little as $560.00 or as much as $1,870.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Brookneal, 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.

Brookneal, VA Affordable Housing


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