Lorimor, IA Foreclosures
How much do homes sell for in Lorimor, IA?
The average home price is currently $270,347.
What’s the average rental cost in Lorimor, IA?
The average rental price in Lorimor is $1,480.
What is the most expensive home in Lorimor?
The most expensive home sold in Lorimor had a price of $999,725.
What is currently the cheapest priced home in Lorimor, IA?
The cheapest home for sale in Lorimor is priced at $14,390.
Living in Lorimor, IA
Lorimor, IA is a quaint small town characterized by its friendly atmosphere and close-knit community. Nestled in rural Iowa, it offers a peaceful lifestyle along with access to outdoor activities and quality education. Perfect for families and those seeking a slower pace of life, Lorimor is surrounded by scenic landscapes and a welcoming environment.
Current Market Conditions in Lorimor, IA
The real estate market in Lorimor is currently stable, with a mix of affordable housing options available. Home prices are generally lower compared to urban areas, making it an attractive option for first-time buyers and investors looking for rental properties.
As more individuals seek a rural lifestyle, Lorimor has seen a modest increase in interest, particularly from those relocating from larger metropolitan areas. This trend is contributing to a consistent demand for housing, though the inventory remains relatively manageable.
Home Value Estimator For Lorimor, IA
There are currently 366 real estate properties
in Lorimor, IA,
with a median automated valuation model (AVM) price
of $229,576.00. 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 $270,347.00, with the most expensive house
in Lorimor, IA, topping out
at $999,725.00 and the cheapest home
in Lorimor, IA,
clocking in at $14,390.00. 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 $1,480.00. 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.
Learn more on Foreclosure homes
