Living in Modena, UT
Modena, UT is a small rural community offering a peaceful way of life surrounded by beautiful landscapes. Residents enjoy a tight-knit community atmosphere with access to outdoor activities and regional amenities. It’s the perfect location for those seeking tranquility away from the hustle of urban living.
Current Market Conditions in Modena, UT
The real estate market in Modena, UT is currently characterized by a low supply of homes, which has led to increased demand and rising property prices. Buyers are finding the market competitive, especially for homes that offer large plots of land and country living experiences.
Transactions have picked up over the past months due to the increasing appeal of rural areas amidst changing lifestyle preferences post-pandemic, with many buyers seeking homes further from urban centers.
Home Value Estimator For Modena, UT
There are currently 24 real estate properties
in Modena, UT,
with a median automated valuation model (AVM) price
of $134,116.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Modena, UT, 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 Modena, UT,
is $184,250.00, with the most expensive house
in Modena, UT, topping out
at $653,124.00 and the cheapest home
in Modena, UT,
clocking in at $99,865.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Modena, UT!
Rent Prices
In Modena, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Modena, UT, is on
a rollercoaster ride. The
average rent price in Modena, UT,
is $1,712.00. Indeed, when looking to rent in
Modena, UT, you can expect to pay as little
as $1,690.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,690.00. The good news is that finding
an affordable and desirable property to rent in Modena, UT
-- 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.
Learn more on Foreclosure homes
