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Foreclosures in Drain, OR

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Living in Drain, OR

DRAIN, OR, is a charming small town located in the scenic Umpqua Valley. It offers a peaceful environment surrounded by natural beauty, making it perfect for outdoor enthusiasts. With a strong community vibe and essential amenities, DRAIN presents a unique opportunity for real estate investors looking for a tranquil residence or vacation home.

Current Market Conditions in Drain, OR

The real estate market in DRAIN is considered stable, with a steady demand for homes due to its attractive lifestyle and affordable prices compared to larger cities. Investors are particularly drawn to the area for its potential for vacation rentals and long-term rental opportunities.

Recent trends indicate a gradual increase in property values, as more people seek refuge from urban areas during economic fluctuations. This creates an enticing opportunity for future investors looking to capitalize on affordable housing options in a growing community.

Home Value Estimator For Drain, OR

There are currently 907 real estate properties in Drain, OR, with a median automated valuation model (AVM) price of $271,093.00. 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 $281,817.00, with the most expensive house in Drain, OR, topping out at $1,152,348.00 and the cheapest home in Drain, OR, clocking in at $11,096.00. 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 $1,026.00. Indeed, when looking to rent in Drain, OR, you can expect to pay as little as $520.00 or as much as $1,670.00, 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.

Drain, OR Foreclosures


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