Living in Lenox, GA
Lenox, GA, is a charming small town offering a friendly, community-oriented lifestyle. With beautiful natural surroundings and a peaceful atmosphere, it is an ideal place for those seeking a quieter life while still having access to nearby urban conveniences. Families and individuals alike will find a welcoming environment in Lenox.
Current Market Conditions in Lenox, GA
The real estate market in Lenox, GA, has shown consistent growth over the past few years, with increasing interest in the area as more people seek affordable housing options outside of larger urban centers. Home values are appreciating, making it an appealing location for both homebuyers and investors looking for promising property opportunities.
The rental market remains stable, with a healthy demand for rental properties, particularly from families and individuals who prefer the quiet lifestyle Lenox offers. Investors can find potential in both residential and commercial markets, as local economic growth continues to develop.
Home Value Estimator For Lenox, GA
There are currently 957 real estate properties
in Lenox, GA,
with a median automated valuation model (AVM) price
of $125,600.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lenox, GA, 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 Lenox, GA,
is $168,944.00, with the most expensive house
in Lenox, GA, topping out
at $2,013,813.00 and the cheapest home
in Lenox, GA,
clocking in at $10,010.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lenox, GA!
Rent Prices
In Lenox, GA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lenox, GA, is on
a rollercoaster ride. The
average rent price in Lenox, GA,
is $868.00. Indeed, when looking to rent in
Lenox, GA, you can expect to pay as little
as $540.00 or as much
as $2,820.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Lenox, GA
-- 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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