Forest, VA Foreclosures
How much do homes sell for in Forest, VA?
The average home price is currently $464,822.
What’s the average rental cost in Forest, VA?
The average rental price in Forest is $1,596.
What is the most expensive home in Forest?
The most expensive home sold in Forest had a price of $12,689,446.
What is currently the cheapest priced home in Forest, VA?
The cheapest home for sale in Forest is priced at $15,058.
Living in Forest, VA
Forest, VA is a peaceful suburban community in Bedford County known for its scenic beauty and family-friendly environment. With access to outdoor activities and proximity to Lynchburg, it offers a balanced lifestyle of nature and convenience. Residents appreciate the local amenities that cater to families and outdoor enthusiasts alike.
Current Market Conditions in Forest, VA
The real estate market in Forest, VA is currently experiencing moderate growth, with an increase in home prices averaging around 4% year-over-year. The demand for homes is supported by the area's scenic surroundings and quality of life, which continues to attract buyers seeking a suburban setting.
Currently, the market shows a healthy inventory level, providing a variety of options for prospective buyers, from quaint single-family homes to larger estates. The appeal of the area is underscored by reliable schools and a close-knit community.
As more families and young professionals move into the area, the trend of appreciation is expected to continue, albeit at a more tempered pace.
Home Value Estimator For Forest, VA
There are currently 9,334 real estate properties
in Forest, VA,
with a median automated valuation model (AVM) price
of $403,756.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Forest, VA, 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 Forest, VA,
is $464,822.00, with the most expensive house
in Forest, VA, topping out
at $12,689,446.00 and the cheapest home
in Forest, VA,
clocking in at $15,058.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Forest, VA!
Rent Prices
In Forest, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Forest, VA, is on
a rollercoaster ride. The
average rent price in Forest, VA,
is $1,596.00. Indeed, when looking to rent in
Forest, VA, you can expect to pay as little
as $620.00 or as much
as $3,000.00,
with the average rent median estimated to
be $1,580.00. The good news is that finding
an affordable and desirable property to rent in Forest, VA
-- 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.
Learn more on Foreclosure homes
