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Preforeclosure Homes in Mayfield, KY

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Living in Mayfield, KY

Mayfield, KY is a welcoming city with a rich history and a strong sense of community. Residents enjoy local amenities, access to parks, and quality education. The vibrant environment fosters both family living and recreational activities, making it an attractive option for real estate investors.

Current Market Conditions in Mayfield, KY

The real estate market in Mayfield, KY is currently stable, with a mix of affordable homes and increasingly valuable properties. Investors have noted a steady demand for housing, reflecting the city's growth and community development initiatives.

In recent trends, properties in Mayfield have seen a modest appreciation in value due to its attractiveness to both families and retirees. This makes it a promising area for investors looking to secure real estate with good long-term potential.

Home Value Estimator For Mayfield, KY

There are currently 8,303 real estate properties in Mayfield, KY, with a median automated valuation model (AVM) price of $150,999.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mayfield, KY, 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 Mayfield, KY, is $175,371.00, with the most expensive house in Mayfield, KY, topping out at $11,612,308.00 and the cheapest home in Mayfield, KY, clocking in at $11,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Mayfield, KY!

Rent Prices In Mayfield, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mayfield, KY, is on a rollercoaster ride. The average rent price in Mayfield, KY, is $892.00. Indeed, when looking to rent in Mayfield, KY, you can expect to pay as little as $410.00 or as much as $2,260.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Mayfield, KY -- 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.

Mayfield, KY Preforeclosure Homes


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