Lorane, OR Foreclosures
How much do homes sell for in Lorane, OR?
The average home price is currently $498,012.
In Lorane, OR, how many homes are available?
There are currently 1 active home listings available in Lorane.
What’s the average rental cost in Lorane, OR?
The average rental price in Lorane is $1,263.
What is the most expensive home in Lorane?
The most expensive home sold in Lorane had a price of $5,917,776.
What is currently the cheapest priced home in Lorane, OR?
The cheapest home for sale in Lorane is priced at $43,071.
Living in Lorane, OR
Lorane is a small, charming community nestled in the heart of Oregon, perfect for those seeking a quieter life away from the hustle and bustle. Surrounded by beautiful countryside, it offers a strong sense of community and is known for its friendly residents. The area features ample outdoor activities, including hiking, biking, and local farms, making it an ideal spot for nature lovers.
Current Market Conditions in Lorane, OR
The current real estate market in Lorane, OR, remains stable, with a steady demand for homes reflective of the area's serene lifestyle. Many people are relocating from busy urban centers seeking tranquility and space, which positively impacts housing prices, albeit modestly.
Over the past few months, there has been an increase in buyer interest in Lorane due to the area's affordability compared to neighboring regions like Eugene. This has led to more homes being sold within a reasonable timeframe, indicating a healthy market.
Home Value Estimator For Lorane, OR
There are currently 280 real estate properties
in Lorane, OR,
with a median automated valuation model (AVM) price
of $423,983.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lorane, OR, 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 Lorane, OR,
is $498,012.00, with the most expensive house
in Lorane, OR, topping out
at $5,917,776.00 and the cheapest home
in Lorane, OR,
clocking in at $43,071.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lorane, OR!
Rent Prices
In Lorane, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lorane, OR, is on
a rollercoaster ride. The
average rent price in Lorane, OR,
is $1,263.00. Indeed, when looking to rent in
Lorane, OR, you can expect to pay as little
as $730.00 or as much
as $1,970.00,
with the average rent median estimated to
be $1,270.00. The good news is that finding
an affordable and desirable property to rent in Lorane, OR
-- 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.
Learn more on Foreclosure homes
