Living in Crab Orchard, WV
Crab Orchard, WV, is a charming small town that encapsulates the essence of rural living. With beautiful natural surroundings, great local amenities, and educational institutions nearby, it's an attractive place for families and investors looking for value in real estate. The atmosphere is friendly and welcoming, making it a great place to call home.
Current Market Conditions in Crab Orchard, WV
The real estate market in Crab Orchard is currently stable, with a mix of affordable and upscale homes available. Investors are observing a slow but steady increase in property values, driven by local demand for housing, particularly from families and retirees looking for a serene environment.
Historically, Crab Orchard has experienced low inventory levels, pushing prices slightly upwards. With ongoing community developments and increasing interest in rural areas, the market remains favorable for investment, especially in single-family homes.
Home Value Estimator For Crab Orchard, WV
There are currently 850 real estate properties
in Crab Orchard, WV,
with a median automated valuation model (AVM) price
of $121,941.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Crab Orchard, WV, 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 Crab Orchard, WV,
is $136,184.00, with the most expensive house
in Crab Orchard, WV, topping out
at $515,330.00 and the cheapest home
in Crab Orchard, WV,
clocking in at $11,638.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Crab Orchard, WV!
Rent Prices
In Crab Orchard, WV
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Crab Orchard, WV, is on
a rollercoaster ride. The
average rent price in Crab Orchard, WV,
is $1,122.00. Indeed, when looking to rent in
Crab Orchard, WV, you can expect to pay as little
as $690.00 or as much
as $1,920.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Crab Orchard, WV
-- 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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