Independence, KY Foreclosures
How much do homes sell for in Independence, KY?
The average home price is currently $337,088.
In Independence, KY, how many homes are available?
There are currently 2 active home listings available in Independence.
What’s the average rental cost in Independence, KY?
The average rental price in Independence is $1,347.
What is the most expensive home in Independence?
The most expensive home sold in Independence had a price of $37,170,308.
What is currently the cheapest priced home in Independence, KY?
The cheapest home for sale in Independence is priced at $12,603.
Living in Independence, KY
Independence, Kentucky, provides a perfect blend of small-town charm and urban convenience, making it an ideal place for families and professionals alike. With excellent schools, a variety of parks, and a strong sense of community, Independence is a desirable location for homebuyers. Residents enjoy a suburban lifestyle with easy access to the amenities of nearby cities.
Current Market Conditions in Independence, KY
The real estate market in Independence, KY, has been steadily growing, with demand for homes increasing due to the area’s favorable living conditions and proximity to Cincinnati. Recently, the supply of homes has tightened, leading to competitive bidding situations and an increase in home values. Buyers and sellers alike are optimistic about the future of the market as the area's appeal continues to rise.
In the past month, homes in Independence have experienced a slight increase in sale prices, largely driven by the limited inventory. Interest rates have remained stable, keeping purchasing power intact for many buyers. The market is characterized as a seller's market, with homes often selling quickly.
Home Value Estimator For Independence, KY
There are currently 11,327 real estate properties
in Independence, KY,
with a median automated valuation model (AVM) price
of $317,040.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Independence, KY, 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 Independence, KY,
is $337,088.00, with the most expensive house
in Independence, KY, topping out
at $37,170,308.00 and the cheapest home
in Independence, KY,
clocking in at $12,603.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Independence, KY!
Rent Prices
In Independence, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Independence, KY, is on
a rollercoaster ride. The
average rent price in Independence, KY,
is $1,347.00. Indeed, when looking to rent in
Independence, KY, you can expect to pay as little
as $610.00 or as much
as $2,920.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in Independence, KY
-- 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.
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