Memphis, NE Foreclosures
How much do homes sell for in Memphis, NE?
The average home price is currently $353,886.
In Memphis, NE, how many homes are available?
There are currently 3 active home listings available in Memphis.
What’s the average rental cost in Memphis, NE?
The average rental price in Memphis is $1,298.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $2,682,997.
What is currently the cheapest priced home in Memphis, NE?
The cheapest home for sale in Memphis is priced at $35,491.
Living in Memphis, NE
Memphis, NE, is a peaceful small town offering residents a tranquil lifestyle with easy access to nature and a supportive community. The area features various local amenities, outdoor activities, and a focus on education, making it ideal for families and retirees. With its charming atmosphere and community events, Memphis fosters a sense of belonging and encourages a friendly environment.
Current Market Conditions in Memphis, NE
The real estate market in Memphis, NE, is currently experiencing moderate growth, driven by an influx of buyers seeking affordable housing options in a quiet setting. As remote work becomes more prevalent, many are looking to escape urban living in favor of suburban lifestyles, making Memphis an attractive option.
Home prices in Memphis are still relatively low compared to national averages, presenting lucrative investment opportunities for real estate investors. With an increasing demand for homes in small towns, the market is expected to appreciate in the coming years.
Home Value Estimator For Memphis, NE
There are currently 67 real estate properties
in Memphis, NE,
with a median automated valuation model (AVM) price
of $183,332.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Memphis, NE, 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 Memphis, NE,
is $353,886.00, with the most expensive house
in Memphis, NE, topping out
at $2,682,997.00 and the cheapest home
in Memphis, NE,
clocking in at $35,491.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, NE!
Rent Prices
In Memphis, NE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, NE, is on
a rollercoaster ride. The
average rent price in Memphis, NE,
is $1,298.00. Indeed, when looking to rent in
Memphis, NE, you can expect to pay as little
as $640.00 or as much
as $2,220.00,
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 Memphis, NE
-- 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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