Drain, OR Foreclosures
How much do homes sell for in Drain, OR?
The average home price is currently $290,792.
What’s the average rental cost in Drain, OR?
The average rental price in Drain is $1,024.
What is the most expensive home in Drain?
The most expensive home sold in Drain had a price of $1,157,215.
What is currently the cheapest priced home in Drain, OR?
The cheapest home for sale in Drain is priced at $10,882.
Living in Drain, OR
Drain, Oregon, is a quaint and welcoming community situated in the scenic Umpqua Valley. Known for its access to outdoor activities and a small-town lifestyle, residents enjoy a peaceful environment with friendly neighbors. The area features local shops and schools, making it ideal for families and nature lovers alike.
Current Market Conditions in Drain, OR
The real estate market in Drain, OR, is currently stable with a moderate balance between buyers and sellers. Homes are appreciated for their affordability compared to major cities, attracting individuals and families seeking a quieter life in nature. Prices have been gradually increasing as more people discover the charm of this small town.
The trend in Drain also shows an increase in interest from buyers looking for second homes or investment properties, leading to a healthier market. However, inventory remains limited, keeping a tight competition amongst potential homeowners.
Home Value Estimator For Drain, OR
There are currently 990 real estate properties
in Drain, OR,
with a median automated valuation model (AVM) price
of $278,664.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Drain, OR, 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 Drain, OR,
is $290,792.00, with the most expensive house
in Drain, OR, topping out
at $1,157,215.00 and the cheapest home
in Drain, OR,
clocking in at $10,882.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Drain, OR!
Rent Prices
In Drain, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Drain, OR, is on
a rollercoaster ride. The
average rent price in Drain, OR,
is $1,024.00. Indeed, when looking to rent in
Drain, OR, you can expect to pay as little
as $520.00 or as much
as $1,680.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Drain, OR
-- 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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