Living in Luray, TN
Luray, TN, is a serene community that offers a blend of rural charm and modern convenience. With its friendly residents, vibrant community events, and scenic surroundings, it appeals to families and retirees looking for a peaceful lifestyle. Access to outdoor activities and educational opportunities enriches the living experience in Luray.
Current Market Conditions in Luray, TN
The real estate market in Luray is currently characterized by a steady demand for homes, driven by families looking for affordable housing options and individuals seeking a quieter lifestyle. Property values have seen moderate appreciation over the last year, making it an attractive market for investment.
An increase in remote work trends has led to a rise in interest in rural properties like those in Luray, creating a favorable environment for real estate investors. The current inventory remains relatively low, which supports price stability and potential growth in the coming years.
Home Value Estimator For Luray, TN
There are currently 225 real estate properties
in Luray, TN,
with a median automated valuation model (AVM) price
of $171,750.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Luray, TN, 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 Luray, TN,
is $221,452.00, with the most expensive house
in Luray, TN, topping out
at $990,334.00 and the cheapest home
in Luray, TN,
clocking in at $8,028.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Luray, TN!
Rent Prices
In Luray, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Luray, TN, is on
a rollercoaster ride. The
average rent price in Luray, TN,
is $1,051.00. Indeed, when looking to rent in
Luray, TN, you can expect to pay as little
as $600.00 or as much
as $2,160.00,
with the average rent median estimated to
be $980.00. The good news is that finding
an affordable and desirable property to rent in Luray, TN
-- 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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