Living in Olyphant, PA
Olyphant, PA is a quaint borough in Lackawanna County, known for its welcoming community and rich local history. The area provides various recreational options alongside essential amenities and services. With a focus on education and community involvement, Olyphant is an ideal location for families and individuals seeking a suburban lifestyle.
Current Market Conditions in Olyphant, PA
The real estate market in Olyphant is showing signs of growth with an increase in home values and heightened interest from buyers looking to settle in this charming community. As local amenities and transportation options improve, more families are seeking to move to the area, driving demand. Homes in Olyphant are generally affordable compared to nearby Scranton, making it an attractive market for first-time homebuyers.
Overall, Olyphant represents a stable market with gradual appreciation in property values and a diversity of housing options, including charming single-family homes and townhouses, appealing to a wide demographic of potential homeowners.
Home Value Estimator For Olyphant, PA
There are currently 2,072 real estate properties
in Olyphant, PA,
with a median automated valuation model (AVM) price
of $142,155.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Olyphant, 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 Olyphant, PA,
is $162,011.00, with the most expensive house
in Olyphant, PA, topping out
at $702,906.00 and the cheapest home
in Olyphant, PA,
clocking in at $12,066.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Olyphant, PA!
Rent Prices
In Olyphant, PA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Olyphant, PA, is on
a rollercoaster ride. The
average rent price in Olyphant, PA,
is $1,017.00. Indeed, when looking to rent in
Olyphant, PA, you can expect to pay as little
as $630.00 or as much
as $2,160.00,
with the average rent median estimated to
be $1,010.00. The good news is that finding
an affordable and desirable property to rent in Olyphant, 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.
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