Island, KY Foreclosures
How much do homes sell for in Island, KY?
The average home price is currently $148,360.
In Island, KY, how many homes are available?
There are currently 4 active home listings available in Island.
What’s the average rental cost in Island, KY?
The average rental price in Island is $764.
What is the most expensive home in Island?
The most expensive home sold in Island had a price of $475,043.
What is currently the cheapest priced home in Island, KY?
The cheapest home for sale in Island is priced at $15,520.
Living in Island, KY
Island, Kentucky is a small, serene community located within the boundaries of the larger Ohio County. It provides residents with a peaceful lifestyle, surrounded by natural beauty and a close-knit community atmosphere. The area is known for its outdoor recreational opportunities, including nearby lakes and parks, making it ideal for nature lovers.
Current Market Conditions in Island, KY
The real estate market in Island, KY remains stable, with a modest average home price. Properties tend to sell quickly due to the area's appeal to those seeking a peaceful lifestyle away from urban pressures. Demand for homes has slightly increased as people look for more rural living options, especially in the wake of shifts towards remote work and desire for more space.
Typically, homes in Island are valued for their land size and potential for self-sufficiency. Investors see interest in properties that can cater to the growing demand for rural living, especially with the rise of homesteading trends.
Home Value Estimator For Island, KY
There are currently 483 real estate properties
in Island, KY,
with a median automated valuation model (AVM) price
of $125,005.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Island, 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 Island, KY,
is $148,360.00, with the most expensive house
in Island, KY, topping out
at $475,043.00 and the cheapest home
in Island, KY,
clocking in at $15,520.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Island, KY!
Rent Prices
In Island, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Island, KY, is on
a rollercoaster ride. The
average rent price in Island, KY,
is $764.00. Indeed, when looking to rent in
Island, KY, you can expect to pay as little
as $480.00 or as much
as $1,580.00,
with the average rent median estimated to
be $720.00. The good news is that finding
an affordable and desirable property to rent in Island, 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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