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Foreclosure Homes in Gate City, VA

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Gate City, VA Foreclosures

How much do homes sell for in Gate City, VA?
The average home price is currently $194,968.
In Gate City, VA, how many homes are available?
There are currently 9 active home listings available in Gate City.
What’s the average rental cost in Gate City, VA?
The average rental price in Gate City is $928.
What is the most expensive home in Gate City?
The most expensive home sold in Gate City had a price of $3,267,832.
What is currently the cheapest priced home in Gate City, VA?
The cheapest home for sale in Gate City is priced at $11,918.

Living in Gate City, VA

Gate City, Virginia is a quaint and scenic town that provides a small-town feel with friendly neighbors and rich history. Home to various outdoor activities and local amenities, it offers residents a serene lifestyle surrounded by nature. The town showcases Southern charm and community spirit, making it an attractive location for families and retirees alike.

Current Market Conditions in Gate City, VA

The current real estate market in Gate City is characterized by a steady demand for residential properties, supported by an influx of families seeking affordable housing in a peaceful environment. Prices have shown a moderate increase, reflecting the town's growing popularity and lifestyle appeal.

Investment opportunities are surfacing due to the town's desirable location near outdoor and historical attractions, making it an attractive option for those looking to enter the market.

Home Value Estimator For Gate City, VA

There are currently 3,889 real estate properties in Gate City, VA, with a median automated valuation model (AVM) price of $163,857.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gate City, 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 Gate City, VA, is $194,968.00, with the most expensive house in Gate City, VA, topping out at $3,267,832.00 and the cheapest home in Gate City, VA, clocking in at $11,918.00. In other words, there’s something for every potential homebuyer or savvy investor in Gate City, VA!

Rent Prices In Gate City, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gate City, VA, is on a rollercoaster ride. The average rent price in Gate City, VA, is $928.00. Indeed, when looking to rent in Gate City, VA, you can expect to pay as little as $440.00 or as much as $2,320.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Gate City, 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.

Gate City, VA Foreclosures

Market Trend for Gate City, VA

Total Listings Available: 9

Market Values:

Home Prices from $11,918 to $3,267,832

Average Sales Price: $194,968

Rental Values:

Rental from $440 to $2,320

Average Rent Value: $928 / month

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