Living in Cedar Grove, IN
Cedar Grove, Indiana is a tranquil small town located in Franklin County, surrounded by beautiful rolling hills and greenery. Its charming rural atmosphere is complemented by a strong sense of community, making it ideal for families and those seeking a peaceful lifestyle. The town features local shops, parks, and easy access to nearby amenities in larger towns, contributing to its appeal as a wonderful residential area.
Current Market Conditions in Cedar Grove, IN
The real estate market in Cedar Grove has been stable in recent years, with modest price growth observed as the area's charm attracts new residents. The low inventory of homes, combined with increasing demand for the peaceful rural lifestyle, has contributed to the upward trend in home values. Buyers are interested in properties that offer space and privacy, which is reflective of the town's overall character.
Real estate activity has shown a positive upward movement, with more families and retirees seeking homes in Cedar Grove. Homes in the area remain on the market for a shorter duration compared to previous years, indicating that buyers are eager to find space in this serene location.
Home Value Estimator For Cedar Grove, IN
There are currently 340 real estate properties
in Cedar Grove, IN,
with a median automated valuation model (AVM) price
of $292,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cedar Grove, IN, 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 Cedar Grove, IN,
is $329,823.00, with the most expensive house
in Cedar Grove, IN, topping out
at $1,364,480.00 and the cheapest home
in Cedar Grove, IN,
clocking in at $21,691.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cedar Grove, IN!
Rent Prices
In Cedar Grove, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cedar Grove, IN, is on
a rollercoaster ride. The
average rent price in Cedar Grove, IN,
is $1,223.00. Indeed, when looking to rent in
Cedar Grove, IN, you can expect to pay as little
as $590.00 or as much
as $1,900.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Cedar Grove, IN
-- 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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