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Preforeclosure Homes in Gum Spring, VA 23065

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Living in Gum Spring, VA

Gum Spring, VA, is a quaint community offering a blend of rural charm and modern conveniences. Residents enjoy a peaceful lifestyle surrounded by nature while having access to essential amenities. The area is perfect for those who appreciate outdoor activities and a strong sense of community.

Current Market Conditions in Gum Spring, VA

The current real estate market in Gum Spring reflects a growing interest as more individuals and families are seeking affordable housing options in a calm, rural setting. There has been a steady increase in property values over the past few months, indicating that investors are recognizing the potential for growth in this market.

The trend of remote work has also contributed to the rising interest in Gum Spring, as people are looking for homes that provide more space and a connection to nature. As a result, listings are moving quickly, and homes are frequently sold above the asking price.

Home Value Estimator For Gum Spring, VA

There are currently 756 real estate properties in Gum Spring, VA, with a median automated valuation model (AVM) price of $359,088.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gum Spring, 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 Gum Spring, VA, is $392,376.00, with the most expensive house in Gum Spring, VA, topping out at $2,660,131.00 and the cheapest home in Gum Spring, VA, clocking in at $75,159.00. In other words, there’s something for every potential homebuyer or savvy investor in Gum Spring, VA!

Rent Prices In Gum Spring, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gum Spring, VA, is on a rollercoaster ride. The average rent price in Gum Spring, VA, is $1,457.00. Indeed, when looking to rent in Gum Spring, VA, you can expect to pay as little as $570.00 or as much as $3,190.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Gum Spring, 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.

Gum Spring, VA 23065 Preforeclosure Homes


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