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Multi-family Foreclosures in Letts, IA

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Letts, IA Foreclosures

How much do homes sell for in Letts, IA?
The average home price is currently $264,563.
In Letts, IA, how many homes are available?
There are currently 4 active home listings available in Letts.
What’s the average rental cost in Letts, IA?
The average rental price in Letts is $1,234.
What is the most expensive home in Letts?
The most expensive home sold in Letts had a price of $1,715,700.
What is currently the cheapest priced home in Letts, IA?
The cheapest home for sale in Letts is priced at $15,860.

Living in Letts, IA

Letts, IA, is a small yet vibrant community known for its friendly ambiance and agricultural roots. With ample recreational opportunities and a close-knit atmosphere, it is perfect for families and retirees seeking a peaceful lifestyle. Local amenities, educational facilities, and a strong sense of community make Letts an attractive option for homebuyers.

Current Market Conditions in Letts, IA

The real estate market in Letts has been gradually stabilizing, with an increase in the interest of potential buyers. Homes in the area tend to sell quickly, especially those priced reasonably for first-time buyers. The overall trend indicates a growing demand for properties as people are drawn to small-town living with accessible amenities.

Many homes are being remodeled and updated, reflecting a willingness of homeowners to invest in their properties and maintain the neighborhood’s appeal. The market continues to attract families seeking a quieter lifestyle away from the hustle and bustle of larger cities.

Home Value Estimator For Letts, IA

There are currently 553 real estate properties in Letts, IA, with a median automated valuation model (AVM) price of $231,910.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Letts, IA, 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 Letts, IA, is $264,563.00, with the most expensive house in Letts, IA, topping out at $1,715,700.00 and the cheapest home in Letts, IA, clocking in at $15,860.00. In other words, there’s something for every potential homebuyer or savvy investor in Letts, IA!

Rent Prices In Letts, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Letts, IA, is on a rollercoaster ride. The average rent price in Letts, IA, is $1,234.00. Indeed, when looking to rent in Letts, IA, you can expect to pay as little as $740.00 or as much as $2,150.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Letts, IA -- 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.

Letts, IA Multi-family Homes


Market Trend for Letts, IA

Total Listings Available: 4

Market Values:

Home Prices from $15,860 to $1,715,700

Average Sales Price: $264,563

Rental Values:

Rental from $740 to $2,150

Average Rent Value: $1,234 / month

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