Living in Miracle, KY
Miracle, KY, is a serene community characterized by picturesque landscapes and a strong sense of community. Residents enjoy outdoor activities and a tranquil lifestyle with access to essential amenities in nearby areas.
Current Market Conditions in Miracle, KY
Miracle's real estate market has seen a stable demand for homes over the past year, with the number of sales consistently increasing as more buyers look for affordable housing options in rural settings. Home prices have remained relatively affordable, making it an attractive option for first-time homebuyers and those looking for investments.
The current market reflects a shift towards more buyers seeking properties in smaller towns like Miracle, driven by the ongoing trend of remote work and a desire for a quieter lifestyle, resulting in increased market activity.
Home Value Estimator For Miracle, KY
There are currently 251 real estate properties
in Miracle, KY,
with a median automated valuation model (AVM) price
of $75,899.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Miracle, 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 Miracle, KY,
is $87,005.00, with the most expensive house
in Miracle, KY, topping out
at $320,212.00 and the cheapest home
in Miracle, KY,
clocking in at $8,448.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Miracle, KY!
Rent Prices
In Miracle, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Miracle, KY, is on
a rollercoaster ride. The
average rent price in Miracle, KY,
is $752.00. Indeed, when looking to rent in
Miracle, KY, you can expect to pay as little
as $400.00 or as much
as $1,180.00,
with the average rent median estimated to
be $780.00. The good news is that finding
an affordable and desirable property to rent in Miracle, 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.
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