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Preforeclosure Homes in Gum Spring, VA

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Gum Spring, VA Foreclosures

How much do homes sell for in Gum Spring, VA?
The average home price is currently $393,940.
In Gum Spring, VA, how many homes are available?
There are currently 1 active home listings available in Gum Spring.
What’s the average rental cost in Gum Spring, VA?
The average rental price in Gum Spring is $1,456.
What is the most expensive home in Gum Spring?
The most expensive home sold in Gum Spring had a price of $2,758,789.
What is currently the cheapest priced home in Gum Spring, VA?
The cheapest home for sale in Gum Spring is priced at $74,433.

Living in Gum Spring, VA

Gum Spring, VA is a quaint, rural community that offers a peaceful lifestyle surrounded by nature. Residents enjoy a sense of community, access to outdoor activities, and proximity to urban centers. Its family-friendly environment makes it a desirable location for those seeking a slower pace of life.

Current Market Conditions in Gum Spring, VA

The current real estate market in Gum Spring is characterized by a growth trend as more people seek the tranquility of rural living combined with easy access to urban amenities. The demand for homes has increased, leading to competitive listing prices and a lower inventory of available properties.

Investors and homebuyers alike are drawn to Gum Spring due to its affordable housing options compared to nearby cities. The market shows signs of a healthy balance between supply and demand, fueled by a combination of local investments in infrastructure and community enhancements.

Home Value Estimator For Gum Spring, VA

There are currently 820 real estate properties in Gum Spring, VA, with a median automated valuation model (AVM) price of $357,604.00. 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 $393,940.00, with the most expensive house in Gum Spring, VA, topping out at $2,758,789.00 and the cheapest home in Gum Spring, VA, clocking in at $74,433.00. 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 $1,456.00. 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 Preforeclosure Homes


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