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Cheap Homes in Lorimor, IA 50149

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Lorimor, IA Foreclosures

How much do homes sell for in Lorimor, IA?
The average home price is currently $249,851.
In Lorimor, IA, how many homes are available?
There are currently 1 active home listings available in Lorimor.
What’s the average rental cost in Lorimor, IA?
The average rental price in Lorimor is $1,483.
What is the most expensive home in Lorimor?
The most expensive home sold in Lorimor had a price of $1,249,729.
What is currently the cheapest priced home in Lorimor, IA?
The cheapest home for sale in Lorimor is priced at $13,430.

Living in Lorimor, IA

Lorimor is a small, charming community located in Union County, Iowa, known for its friendly atmosphere and strong sense of local pride. With a rich agricultural history, this quaint town offers a peaceful rural lifestyle while being just a short drive to larger cities. Home to a tight-knit community, residents enjoy a slower pace of life characterized by outdoor activities and local events throughout the year.

Current Market Conditions in Lorimor, IA

The current real estate market in Lorimor is showing a steady interest in property due to its affordability and peaceful rural lifestyle. New listings are coming onto the market which indicates healthy engagement from potential homeowners looking to escape the hustle and bustle of larger cities.

Real estate trends in the area suggest an upward shift in home values as more individuals seek homeownership opportunities in rural areas. The demand for affordable housing options is prompting new developments, making it an exciting time for buyers and sellers alike.

Home Value Estimator For Lorimor, IA

There are currently 254 real estate properties in Lorimor, IA, with a median automated valuation model (AVM) price of $196,028.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lorimor, 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 Lorimor, IA, is $249,851.00, with the most expensive house in Lorimor, IA, topping out at $1,249,729.00 and the cheapest home in Lorimor, IA, clocking in at $13,430.00. In other words, there’s something for every potential homebuyer or savvy investor in Lorimor, IA!

Rent Prices In Lorimor, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lorimor, IA, is on a rollercoaster ride. The average rent price in Lorimor, IA, is $1,483.00. Indeed, when looking to rent in Lorimor, IA, you can expect to pay as little as $880.00 or as much as $1,990.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Lorimor, 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.

Cheap Homes in Lorimor, IA 50149

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