Foreclosure Homes in Kilmarnock, VA 22482

Current Market Conditions in Kilmarnock, VA

The real estate market in Kilmarnock has seen steady growth over the past year, with an increase in demand for waterfront properties and homes that offer rural charm. Prices have risen due to heightened interest from buyers seeking vacation homes and a more peaceful lifestyle, particularly during and after the pandemic.

Inventory levels have been tight, resulting in competitive bidding situations for desirable properties. Real estate agents report that listings are turning over quickly, sometimes within days, as new buyers enter the market. This trend reflects a broader movement toward small-town living and away from larger cities.

Rent Prices In Kilmarnock, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kilmarnock, VA, is on a rollercoaster ride. The average rent price in Kilmarnock, VA, is $1,566.00. Indeed, when looking to rent in Kilmarnock, VA, you can expect to pay as little as $590.00 or as much as $3,240.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in Kilmarnock, 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.