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Preforeclosure Homes in Lonaconing, MD

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Lonaconing, MD Foreclosures

How much do homes sell for in Lonaconing, MD?
The average home price is currently $140,294.
In Lonaconing, MD, how many homes are available?
There are currently 2 active home listings available in Lonaconing.
What’s the average rental cost in Lonaconing, MD?
The average rental price in Lonaconing is $1,029.
What is the most expensive home in Lonaconing?
The most expensive home sold in Lonaconing had a price of $2,350,772.
What is currently the cheapest priced home in Lonaconing, MD?
The cheapest home for sale in Lonaconing is priced at $8,320.

Living in Lonaconing, MD

Lonaconing, MD, is a small, historic town located in Allegany County that features a serene ambiance and a tight-knit community. Its scenic surroundings provide ample opportunities for outdoor recreation, including hiking and exploring nearby parks. The local schools are well-regarded, making it an appealing location for families.

Current Market Conditions in Lonaconing, MD

The real estate market in Lonaconing is currently seeing stable conditions, with a balanced supply and demand. Homes in the area are generally affordable, and the market is accessible for first-time homebuyers. The town’s charm and community-driven lifestyle continue to attract buyers looking for a quieter place to live.

Flying under the radar, Lonaconing offers an inviting housing market with the potential for growth. As more people seek refuge from urban settings, this small town is slowly gaining attention for its affordability and picturesque environment, leading to a gradual increase in home prices.

Home Value Estimator For Lonaconing, MD

There are currently 1,143 real estate properties in Lonaconing, MD, with a median automated valuation model (AVM) price of $115,016.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lonaconing, MD, 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 Lonaconing, MD, is $140,294.00, with the most expensive house in Lonaconing, MD, topping out at $2,350,772.00 and the cheapest home in Lonaconing, MD, clocking in at $8,320.00. In other words, there’s something for every potential homebuyer or savvy investor in Lonaconing, MD!

Rent Prices In Lonaconing, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lonaconing, MD, is on a rollercoaster ride. The average rent price in Lonaconing, MD, is $1,029.00. Indeed, when looking to rent in Lonaconing, MD, you can expect to pay as little as $480.00 or as much as $2,160.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Lonaconing, MD -- 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.

Lonaconing, MD Preforeclosure Homes


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