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Preforeclosure Homes in Melfa, VA 23410

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Melfa, VA Foreclosures

How much do homes sell for in Melfa, VA?
The average home price is currently $230,548.
In Melfa, VA, how many homes are available?
There are currently 1 active home listings available in Melfa.
What’s the average rental cost in Melfa, VA?
The average rental price in Melfa is $968.
What is the most expensive home in Melfa?
The most expensive home sold in Melfa had a price of $1,228,384.
What is currently the cheapest priced home in Melfa, VA?
The cheapest home for sale in Melfa is priced at $19,632.

Living in Melfa, VA

Melfa is a charming small town in Accomack County, Virginia, characterized by its rural vibe and close-knit community. With its proximity to the eastern shore's beautiful coast, residents enjoy various outdoor activities including fishing and boating. Melfa offers a peaceful place to live with easy access to nearby towns for additional amenities and services.

Current Market Conditions in Melfa, VA

Melfa's real estate market is currently stable, with a steady demand for properties reflecting the town's appealing lifestyle. Newly listed homes often see quick sales, especially among first-time buyers and those seeking a second home in a serene environment. It remains a favorable market for sellers, although buyers are still finding opportunities worth exploring.

The trend in Melfa shows a gradual increase in home values over the past year as residents seek the tranquility and affordability this area offers compared to nearby urban centers.

Home Value Estimator For Melfa, VA

There are currently 906 real estate properties in Melfa, VA, with a median automated valuation model (AVM) price of $201,146.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melfa, 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 Melfa, VA, is $230,548.00, with the most expensive house in Melfa, VA, topping out at $1,228,384.00 and the cheapest home in Melfa, VA, clocking in at $19,632.00. In other words, there’s something for every potential homebuyer or savvy investor in Melfa, VA!

Rent Prices In Melfa, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melfa, VA, is on a rollercoaster ride. The average rent price in Melfa, VA, is $968.00. Indeed, when looking to rent in Melfa, VA, you can expect to pay as little as $670.00 or as much as $1,660.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Melfa, 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.

Melfa, VA 23410 Preforeclosure Homes


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