Living in Cumming, GA
Cumming, GA is a vibrant city known for its picturesque landscapes, award-winning schools, and friendly community atmosphere. With close proximity to Lake Lanier, residents can enjoy a wide range of outdoor recreational activities. The local economy is thriving, offering a mix of suburban tranquility and urban conveniences.
Current Market Conditions in Cumming, GA
Cumming's real estate market has been experiencing steady growth over the past few years, with a significant increase in buyer interest due to its desirable location and quality of life. Home prices have seen a steady increase, reflecting the demand for housing in the area, fueled by families relocating from urban centers.
The demand for homes in Cumming remains strong, with many buyers attracted to its recreational offerings, well-rated schools, and robust community. Potential buyers are encouraged to act quickly, as listings tend to move fast, often resulting in multiple offers on desirable properties.
Home Value Estimator For Cumming, GA
There are currently 57,048 real estate properties
in Cumming, GA,
with a median automated valuation model (AVM) price
of $573,474.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cumming, GA, 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 Cumming, GA,
is $622,857.00, with the most expensive house
in Cumming, GA, topping out
at $90,239,112.00 and the cheapest home
in Cumming, GA,
clocking in at $18,592.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cumming, GA!
Rent Prices
In Cumming, GA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cumming, GA, is on
a rollercoaster ride. The
average rent price in Cumming, GA,
is $1,877.00. Indeed, when looking to rent in
Cumming, GA, you can expect to pay as little
as $720.00 or as much
as $4,440.00,
with the average rent median estimated to
be $1,790.00. The good news is that finding
an affordable and desirable property to rent in Cumming, GA
-- 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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