Living in Florence, MT
Florence, MT, is a small, peaceful town nestled in the Bitterroot Valley, renowned for its breathtaking scenery and outdoor activities. It has a tight-knit community with local amenities that cater to residents' needs. With excellent schools and proximity to larger cities, Florence strikes a perfect balance for families and outdoor lovers.
Current Market Conditions in Florence, MT
The real estate market in Florence, MT, has been experiencing a steady increase in home prices over the past year. The demand for homes in this picturesque area has risen, driven by its attractive lifestyle and outdoor opportunities. Despite being a small town, the market is competitive, and homes sell relatively quickly, with many properties receiving multiple offers.
With the ongoing trend of remote work, more individuals and families are looking for peaceful retreats away from bustling city life. This trend has contributed to the increasing interest in Florence's real estate market, leading to higher prices and lower inventory as buyers aim to secure homes in this desirable location.
Home Value Estimator For Florence, MT
There are currently 2,176 real estate properties
in Florence, MT,
with a median automated valuation model (AVM) price
of $638,713.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Florence, MT, 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 Florence, MT,
is $671,442.00, with the most expensive house
in Florence, MT, topping out
at $5,269,897.00 and the cheapest home
in Florence, MT,
clocking in at $85,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Florence, MT!
Rent Prices
In Florence, MT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Florence, MT, is on
a rollercoaster ride. The
average rent price in Florence, MT,
is $1,803.00. Indeed, when looking to rent in
Florence, MT, you can expect to pay as little
as $860.00 or as much
as $4,080.00,
with the average rent median estimated to
be $1,770.00. The good news is that finding
an affordable and desirable property to rent in Florence, MT
-- 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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