Hico, WV Foreclosures
How much do homes sell for in Hico, WV?
The average home price is currently $183,886.
What’s the average rental cost in Hico, WV?
The average rental price in Hico is $1,404.
What is the most expensive home in Hico?
The most expensive home sold in Hico had a price of $689,000.
What is currently the cheapest priced home in Hico, WV?
The cheapest home for sale in Hico is priced at $61,600.
Living in Hico, WV
Hico, WV is a serene rural community known for its outdoor lifestyle and friendly residents. Nestled in the Appalachian Mountains, it offers a peaceful environment ideal for families and nature lovers. While small in size, the town has a distinct charm and provides essential amenities for everyday living.
Current Market Conditions in Hico, WV
The real estate market in Hico, WV is characterized by a steady demand for affordable housing options. As families look for more space and a slower pace of life, Hico has seen an influx of buyers seeking homes that provide value in a beautiful, natural setting. The market trends indicate a gradual increase in property values, attracting both first-time homebuyers and those looking for vacation homes.
The market remains highly competitive, particularly for homes priced under $200,000, which are often sold quickly. However, the lack of new construction in the area keeps inventory level low and propels prices upwards. Investors and homeowners alike are recognizing Hico's potential for growth.
Home Value Estimator For Hico, WV
There are currently 193 real estate properties
in Hico, WV,
with a median automated valuation model (AVM) price
of $159,826.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hico, WV, 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 Hico, WV,
is $183,886.00, with the most expensive house
in Hico, WV, topping out
at $689,000.00 and the cheapest home
in Hico, WV,
clocking in at $61,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hico, WV!
Rent Prices
In Hico, WV
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hico, WV, is on
a rollercoaster ride. The
average rent price in Hico, WV,
is $1,404.00. Indeed, when looking to rent in
Hico, WV, you can expect to pay as little
as $680.00 or as much
as $3,170.00,
with the average rent median estimated to
be $1,330.00. The good news is that finding
an affordable and desirable property to rent in Hico, WV
-- 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
