Lorena, TX Foreclosures
How much do homes sell for in Lorena, TX?
The average home price is currently $403,074.
In Lorena, TX, how many homes are available?
There are currently 3 active home listings available in Lorena.
What’s the average rental cost in Lorena, TX?
The average rental price in Lorena is $1,675.
What is the most expensive home in Lorena?
The most expensive home sold in Lorena had a price of $8,574,500.
What is currently the cheapest priced home in Lorena, TX?
The cheapest home for sale in Lorena is priced at $24,596.
Living in Lorena, TX
Lorena, TX, is a quaint town with a welcoming atmosphere, located just south of Waco. It offers families a peaceful community with excellent schools, local parks, and a variety of shops and dining options. The area is perfect for those seeking a suburban lifestyle with easy access to urban amenities.
Current Market Conditions in Lorena, TX
The real estate market in Lorena, TX, is currently seeing steady growth, with an increasing number of new listings attracting buyers from both nearby areas and larger cities. Home prices are rising as demand increases, mostly due to the appealing lifestyle and amenities the town offers. Buyers can expect to find a range of single-family homes, with many properties reflecting traditional Texas architecture and spacious yards.
As of now, querying the available properties shows that Lorena exhibits a healthy mix of homes for purchase and rent, reflecting a balanced demand among first-time buyers and investors. The market remains competitive, particularly for listings that offer modern updates or exceptional features, indicating a positive trend for property values.
Home Value Estimator For Lorena, TX
There are currently 4,472 real estate properties
in Lorena, TX,
with a median automated valuation model (AVM) price
of $336,267.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lorena, TX, 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 Lorena, TX,
is $403,074.00, with the most expensive house
in Lorena, TX, topping out
at $8,574,500.00 and the cheapest home
in Lorena, TX,
clocking in at $24,596.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lorena, TX!
Rent Prices
In Lorena, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lorena, TX, is on
a rollercoaster ride. The
average rent price in Lorena, TX,
is $1,675.00. Indeed, when looking to rent in
Lorena, TX, you can expect to pay as little
as $790.00 or as much
as $3,220.00,
with the average rent median estimated to
be $1,610.00. The good news is that finding
an affordable and desirable property to rent in Lorena, TX
-- 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
