Lorimor, IA Foreclosures
How much do homes sell for in Lorimor, IA?
The average home price is currently $270,347.
In Lorimor, IA, how many homes are available?
There are currently 29 active home listings available in Lorimor.
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 rural community with a strong sense of belonging, characterized by its friendly residents and scenic landscapes. The town offers essential amenities and is conveniently located near larger cities for additional services. With opportunities for outdoor activities and a commitment to education, Lorimor is an appealing option for families and individuals alike.
Current Market Conditions in Lorimor, IA
The current real estate market in Lorimor is stable, with a mix of affordable housing options and a few higher-end properties available. Recent interest in the community has improved market dynamics, attracting both first-time homebuyers and retirees looking for a peaceful place to settle.
The demand for homes in Lorimor has been rising slowly over the past few years, driven by its appealing lifestyle and strong community bonds. Although inventory remains limited, the homes that are available are garnering attention, and buyers are making competitive offers. Investors might find opportunities in rehabbing older homes or building new constructions.
Lorimor's real estate market is witnessing a gradual increase in property values, which reflects the growing desirability of rural living, especially for those looking to escape city life.
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
