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Rent To Own Homes in Norristown, PA

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Norristown, PA Foreclosures

How much do homes sell for in Norristown, PA?
The average home price is currently $369,117.
In Norristown, PA, how many homes are available?
There are currently 68 active home listings available in Norristown.
What’s the average rental cost in Norristown, PA?
The average rental price in Norristown is $1,624.
What is the most expensive home in Norristown?
The most expensive home sold in Norristown had a price of $38,122,506.
What is currently the cheapest priced home in Norristown, PA?
The cheapest home for sale in Norristown is priced at $10,138.

Living in Norristown, PA

Norristown, PA is a dynamic community known for its accessibility and community spirit. With a rich history, ample green spaces, and a variety of local businesses, Norristown balances urban convenience with suburban livability. Residents enjoy a strong sense of community, diverse amenities, and proximity to Philadelphia's attractions.

Current Market Conditions in Norristown, PA

The current real estate market in Norristown is seeing a steady increase in demand, primarily due to its close proximity to Philadelphia and affordable housing options compared to surrounding areas. Homebuyers are attracted to the area's diverse neighborhoods, which offer various styles of homes from historic to new construction.

As of recent reports, the market is experiencing a slight rise in home prices, indicating a healthy appreciation of property values. Inventory levels are moderate, with homes in desirable locations receiving multiple offers, which suggests a burgeoning interest in the area among new residents.

Home Value Estimator For Norristown, PA

There are currently 22,966 real estate properties in Norristown, PA, with a median automated valuation model (AVM) price of $336,337.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Norristown, PA, 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 Norristown, PA, is $369,117.00, with the most expensive house in Norristown, PA, topping out at $38,122,506.00 and the cheapest home in Norristown, PA, clocking in at $10,138.00. In other words, there’s something for every potential homebuyer or savvy investor in Norristown, PA!

Rent Prices In Norristown, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Norristown, PA, is on a rollercoaster ride. The average rent price in Norristown, PA, is $1,624.00. Indeed, when looking to rent in Norristown, PA, you can expect to pay as little as $730.00 or as much as $3,860.00, with the average rent median estimated to be $1,570.00. The good news is that finding an affordable and desirable property to rent in Norristown, PA -- 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.

Norristown, PA Rent To Own Homes

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