Living in Lily, WI
Lily, WI, is a picturesque small town in the Northwoods, celebrated for its natural beauty and community spirit. Residents enjoy an array of outdoor activities and access to urban conveniences. Its thriving local culture and strong educational emphasis make it an attractive place for families and investors alike.
Current Market Conditions in Lily, WI
The real estate market in Lily, WI, is currently favorable for investors, with a mixture of affordable and higher-end properties available. As demand grows for homes in serene environments, prices have shown a steady increase, making this an opportune time for investment.
As the area continues to attract both vacation homeowners and permanent residents, the trend of increasing property values is expected to continue. Investors can find strong potential for appreciation and rental income, particularly from seasonal vacation rentals due to the area's appeal as a nature tourist destination.
Home Value Estimator For Lily, WI
There are currently 232 real estate properties
in Lily, WI,
with a median automated valuation model (AVM) price
of $176,699.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lily, WI, 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 Lily, WI,
is $188,266.00, with the most expensive house
in Lily, WI, topping out
at $546,365.00 and the cheapest home
in Lily, WI,
clocking in at $18,418.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lily, WI!
Rent Prices
In Lily, WI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lily, WI, is on
a rollercoaster ride. The
average rent price in Lily, WI,
is $1,498.00. Indeed, when looking to rent in
Lily, WI, you can expect to pay as little
as $880.00 or as much
as $1,810.00,
with the average rent median estimated to
be $1,560.00. The good news is that finding
an affordable and desirable property to rent in Lily, WI
-- 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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