Fairfield, KY Foreclosures
How much do homes sell for in Fairfield, KY?
The average home price is currently $256,480.
What’s the average rental cost in Fairfield, KY?
The average rental price in Fairfield is $1,210.
What is the most expensive home in Fairfield?
The most expensive home sold in Fairfield had a price of $802,790.
What is currently the cheapest priced home in Fairfield, KY?
The cheapest home for sale in Fairfield is priced at $137,972.
Living in Fairfield, KY
Fairfield, KY, combines the charm of a small town with access to urban amenities, providing residents with a balanced lifestyle. This community-oriented town emphasizes family values and offers beautiful parks and schools. Great public transport options enhance connectivity, making it ideal for commuters to nearby cities.
Current Market Conditions in Fairfield, KY
The real estate market in Fairfield is currently favorable for buyers, with a diverse selection of homes available. The market has seen a steady rise in property values as more people seek to move to suburban areas for better living conditions. Nevertheless, homes that are well-priced and in good condition attract considerable interest, leading to quicker sales. Investors should note that entry-priced homes are experiencing a slight reduction in inventory, indicating a potential price increase in the coming years as demand grows.
Fairfield's market has experienced a mix of trends over the last several months. Newly listed homes are still being welcomed actively, indicating that sellers are confident in their pricing. However, slight increases in interest rates have prompted some buyers to take a more measured approach, potentially leading to a cooler market. Over time, this adjustment might normalize the pace of sales but demand remains consistent.
Home Value Estimator For Fairfield, KY
There are currently 49 real estate properties
in Fairfield, KY,
with a median automated valuation model (AVM) price
of $224,831.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fairfield, 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 Fairfield, KY,
is $256,480.00, with the most expensive house
in Fairfield, KY, topping out
at $802,790.00 and the cheapest home
in Fairfield, KY,
clocking in at $137,972.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fairfield, KY!
Rent Prices
In Fairfield, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fairfield, KY, is on
a rollercoaster ride. The
average rent price in Fairfield, KY,
is $1,210.00. Indeed, when looking to rent in
Fairfield, KY, you can expect to pay as little
as $720.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Fairfield, 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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