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Preforeclosure Homes in Norfolk, NE 68701

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Norfolk, NE Foreclosures

How much do homes sell for in Norfolk, NE?
The average home price is currently $302,081.
In Norfolk, NE, how many homes are available?
There are currently 20 active home listings available in Norfolk.
What’s the average rental cost in Norfolk, NE?
The average rental price in Norfolk is $1,220.
What is the most expensive home in Norfolk?
The most expensive home sold in Norfolk had a price of $12,766,296.
What is currently the cheapest priced home in Norfolk, NE?
The cheapest home for sale in Norfolk is priced at $10,118.

Living in Norfolk, NE

Norfolk, NE is a charming city that combines the best of small-town living with access to essential amenities. It offers a family-friendly environment with strong educational facilities and a rich community culture. Outdoor lovers will appreciate the various parks and recreational activities available.

Current Market Conditions in Norfolk, NE

As of the latest reports, Norfolk’s real estate market is showing signs of healthy growth, with an increase in home sales and prices compared to previous years. The demand for housing has been driven by an influx of new residents seeking affordable living in a welcoming environment. The city has also seen relatively low inventory levels, making it a competitive market for buyers and favorable for sellers.

Interest rates have stabilized recently, attracting first-time home buyers and investors. Norfolk's diverse economy contributes positively to the housing market, with sectors such as healthcare, education, and manufacturing playing a significant role in community development.

Home Value Estimator For Norfolk, NE

There are currently 11,021 real estate properties in Norfolk, NE, with a median automated valuation model (AVM) price of $246,028.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Norfolk, 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 Norfolk, NE, is $302,081.00, with the most expensive house in Norfolk, NE, topping out at $12,766,296.00 and the cheapest home in Norfolk, NE, clocking in at $10,118.00. In other words, there’s something for every potential homebuyer or savvy investor in Norfolk, NE!

Rent Prices In Norfolk, NE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Norfolk, NE, is on a rollercoaster ride. The average rent price in Norfolk, NE, is $1,220.00. Indeed, when looking to rent in Norfolk, NE, you can expect to pay as little as $430.00 or as much as $2,820.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Norfolk, 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.

Norfolk, NE 68701 Preforeclosure Homes

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