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Foreclosure Homes in Melbourne, KY 41059

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Melbourne, KY Foreclosures

How much do homes sell for in Melbourne, KY?
The average home price is currently $263,858.
In Melbourne, KY, how many homes are available?
There are currently 5 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, KY?
The average rental price in Melbourne is $1,212.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $2,964,459.
What is currently the cheapest priced home in Melbourne, KY?
The cheapest home for sale in Melbourne is priced at $12,194.

Living in Melbourne, KY

Melbourne, KY, is a peaceful small town with a strong sense of community. Perfect for families and retirees, it offers a blend of serene living alongside access to urban amenities. Residents enjoy outdoor spaces and a variety of local events throughout the year.

Current Market Conditions in Melbourne, KY

The current real estate market in Melbourne, KY, is experiencing a steady demand for homes, driven by the town's appealing lifestyle and community atmosphere. Buyers are showing interest in both historic homes and newer developments, leading to competitive listings and a bustling market.

Trends indicate that property values have risen modestly in the last year, reflecting a growing interest in the area from potential homeowners looking for affordability without sacrificing quality of life.

Home Value Estimator For Melbourne, KY

There are currently 1,000 real estate properties in Melbourne, KY, with a median automated valuation model (AVM) price of $231,447.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melbourne, 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 Melbourne, KY, is $263,858.00, with the most expensive house in Melbourne, KY, topping out at $2,964,459.00 and the cheapest home in Melbourne, KY, clocking in at $12,194.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, KY!

Rent Prices In Melbourne, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, KY, is on a rollercoaster ride. The average rent price in Melbourne, KY, is $1,212.00. Indeed, when looking to rent in Melbourne, KY, you can expect to pay as little as $490.00 or as much as $2,780.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Melbourne, 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.

Melbourne, KY 41059 Foreclosures

Market Trend for Melbourne, KY

Total Listings Available: 5

Market Values:

Home Prices from $12,194 to $2,964,459

Average Sales Price: $263,858

Rental Values:

Rental from $490 to $2,780

Average Rent Value: $1,212 / month

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