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Preforeclosure Homes in Machipongo, VA

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Machipongo, VA Foreclosures

How much do homes sell for in Machipongo, VA?
The average home price is currently $468,290.
In Machipongo, VA, how many homes are available?
There are currently 1 active home listings available in Machipongo.
What’s the average rental cost in Machipongo, VA?
The average rental price in Machipongo is $1,342.
What is the most expensive home in Machipongo?
The most expensive home sold in Machipongo had a price of $4,311,670.
What is currently the cheapest priced home in Machipongo, VA?
The cheapest home for sale in Machipongo is priced at $25,500.

Living in Machipongo, VA

Machipongo, Virginia, is a charming community on the Eastern Shore known for its agricultural landscape and warm, welcoming atmosphere. With access to local farms and nearby beaches, residents enjoy a variety of outdoor activities. Its proximity to Cape Charles offers additional amenities while still maintaining a peaceful, rural setting.

Current Market Conditions in Machipongo, VA

The real estate market in Machipongo has remained stable over the past year, with a steady demand for homes, particularly as more buyers look for properties with larger yards and proximity to nature. The area continues to attract those seeking a rural lifestyle paired with coastal amenities.

Interest in properties in Machipongo has slightly increased, with a notable number of buyers looking for second homes or investment opportunities in this beautiful area. As a result, home values have seen moderate appreciation, making this a promising market for potential investors.

Home Value Estimator For Machipongo, VA

There are currently 512 real estate properties in Machipongo, VA, with a median automated valuation model (AVM) price of $398,755.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Machipongo, VA, 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 Machipongo, VA, is $468,290.00, with the most expensive house in Machipongo, VA, topping out at $4,311,670.00 and the cheapest home in Machipongo, VA, clocking in at $25,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Machipongo, VA!

Rent Prices In Machipongo, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Machipongo, VA, is on a rollercoaster ride. The average rent price in Machipongo, VA, is $1,342.00. Indeed, when looking to rent in Machipongo, VA, you can expect to pay as little as $590.00 or as much as $3,680.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Machipongo, VA -- 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.

Machipongo, VA Preforeclosure Homes


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