Living in Essie, KY
Essie, Kentucky is a quaint community known for its scenic beauty and welcoming atmosphere. With a strong sense of community, residents enjoy outdoor activities and local events, making it a perfect spot for those looking to settle in a peaceful environment. The area provides convenient access to larger cities, allowing for both tranquility and connectivity.
Current Market Conditions in Essie, KY
The real estate market in Essie, KY is currently favorable for buyers, with a variety of homes available at competitive prices. The area has been seeing a steady increase in property values, driven by demand from families and individuals seeking the charm of rural living.
Investors will find that rental prices are also on the rise, making it a potential hotspot for those looking to invest in rental properties. The steady growth in the local economy has sustained interest in home purchases, making this an opportune time for real estate investment.
Home Value Estimator For Essie, KY
There are currently 151 real estate properties
in Essie, KY,
with a median automated valuation model (AVM) price
of $92,370.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Essie, KY, 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 Essie, KY,
is $112,250.00, with the most expensive house
in Essie, KY, topping out
at $314,500.00 and the cheapest home
in Essie, KY,
clocking in at $41,058.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Essie, KY!
Rent Prices
In Essie, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Essie, KY, is on
a rollercoaster ride. The
average rent price in Essie, KY,
is $792.00. Indeed, when looking to rent in
Essie, KY, you can expect to pay as little
as $430.00 or as much
as $1,870.00,
with the average rent median estimated to
be $770.00. The good news is that finding
an affordable and desirable property to rent in Essie, KY
-- 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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