Living in Grand River, OH
Grand River, nestled in Lake County, OH, offers a serene environment characterized by its namesake river, picturesque parks, and a warm community feel. With various recreational activities, ample amenities, and proximity to larger urban areas, it’s perfect for those seeking tranquility without sacrificing convenience. Families and individuals alike can find their slice of paradise in this charming village.
Current Market Conditions in Grand River, OH
The real estate market in Grand River has shown steady growth over the past year, with an increase in demand for residential properties as interest rates remain favorable. Homes are being sought after for their affordability and prime location near Lake Erie, which attracts both first-time buyers and retirees alike. Moreover, properties are often selling quickly, indicating a strong buyer interest despite inventory challenges.
The current trend reveals houses in Grand River are experiencing a 10% increase in median sale prices compared to last year, fueled by low inventory and a vibrant community atmosphere. As more residents work remotely, the village continues to attract those looking for scenic and peaceful living environments, leading to a shift away from more densely populated areas.
Home Value Estimator For Grand River, OH
There are currently 203 real estate properties
in Grand River, OH,
with a median automated valuation model (AVM) price
of $181,819.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Grand River, OH, 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 Grand River, OH,
is $199,076.00, with the most expensive house
in Grand River, OH, topping out
at $1,781,072.00 and the cheapest home
in Grand River, OH,
clocking in at $15,565.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Grand River, OH!
Rent Prices
In Grand River, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Grand River, OH, is on
a rollercoaster ride. The
average rent price in Grand River, OH,
is $1,233.00. Indeed, when looking to rent in
Grand River, OH, you can expect to pay as little
as $840.00 or as much
as $1,530.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in Grand River, OH
-- 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.