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Rent To Own Homes in Monmouth, OR

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Living in Monmouth, OR

Monmouth, Oregon is a delightful small town that combines a close-knit community atmosphere with beautiful surroundings. It features a vibrant downtown, diverse recreational options, and is home to Western Oregon University, enhancing its cultural offerings. Ideal for families, Monmouth provides access to essential amenities and services.

Current Market Conditions in Monmouth, OR

The real estate market in Monmouth is currently experiencing a steady growth trend, with home prices gradually increasing as demand remains consistent. Investors find this area attractive due to the lower cost of living compared to nearby cities.

Homes in Monmouth tend to sell quickly, reflecting a competitive market with a mix of single-family homes and multifamily options. The community's appeal, especially to families and students from the university, makes it a promising investment location.

Home Value Estimator For Monmouth, OR

There are currently 3,373 real estate properties in Monmouth, OR, with a median automated valuation model (AVM) price of $461,140.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monmouth, OR, 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 Monmouth, OR, is $527,393.00, with the most expensive house in Monmouth, OR, topping out at $5,733,729.00 and the cheapest home in Monmouth, OR, clocking in at $59,123.00. In other words, there’s something for every potential homebuyer or savvy investor in Monmouth, OR!

Rent Prices In Monmouth, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monmouth, OR, is on a rollercoaster ride. The average rent price in Monmouth, OR, is $1,321.00. Indeed, when looking to rent in Monmouth, OR, you can expect to pay as little as $520.00 or as much as $2,980.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Monmouth, OR -- 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.

Monmouth, OR Rent To Own Homes

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