Lorraine, NY Foreclosures
How much do homes sell for in Lorraine, NY?
The average home price is currently $172,765.
In Lorraine, NY, how many homes are available?
There are currently 12 active home listings available in Lorraine.
What’s the average rental cost in Lorraine, NY?
The average rental price in Lorraine is $1,082.
What is the most expensive home in Lorraine?
The most expensive home sold in Lorraine had a price of $676,894.
What is currently the cheapest priced home in Lorraine, NY?
The cheapest home for sale in Lorraine is priced at $13,399.
Living in Lorraine, NY
Lorraine, NY is a serene and welcoming village situated in the beautiful Jefferson County. Known for its rural charm and vibrant community, Lorraine provides an ideal environment for families and nature enthusiasts alike. With outdoor recreational opportunities and a strong sense of community, Lorraine is a hidden gem in upstate New York.
Current Market Conditions in Lorraine, NY
The real estate market in Lorraine, NY, has shown steady growth over the past year. With an increasing interest in rural living, many buyers are seeking homes that offer a peaceful retreat from bustling city life. Properties in Lorraine tend to be affordable compared to nearby urban areas, making it an attractive option for first-time homebuyers and retirees looking for a slower pace.
Home Value Estimator For Lorraine, NY
There are currently 457 real estate properties
in Lorraine, NY,
with a median automated valuation model (AVM) price
of $153,746.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lorraine, NY, 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 Lorraine, NY,
is $172,765.00, with the most expensive house
in Lorraine, NY, topping out
at $676,894.00 and the cheapest home
in Lorraine, NY,
clocking in at $13,399.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lorraine, NY!
Rent Prices
In Lorraine, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lorraine, NY, is on
a rollercoaster ride. The
average rent price in Lorraine, NY,
is $1,082.00. Indeed, when looking to rent in
Lorraine, NY, you can expect to pay as little
as $580.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Lorraine, NY
-- 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.
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