Orchid, FL Foreclosures
How much do homes sell for in Orchid, FL?
The average home price is currently $2,695,195.
What’s the average rental cost in Orchid, FL?
The average rental price in Orchid is $3,550.
What is the most expensive home in Orchid?
The most expensive home sold in Orchid had a price of $14,250,000.
What is currently the cheapest priced home in Orchid, FL?
The cheapest home for sale in Orchid is priced at $68,631.
Living in Orchid, FL
Orchid, Florida is a quaint coastal community known for its luxurious homes and stunning natural landscapes. With easy access to the pristine beaches and the Indian River Lagoon, residents enjoy a serene lifestyle filled with outdoor activities. The area's upscale amenities and nearby cities make it a desirable location for both relaxation and convenience.
Current Market Conditions in Orchid, FL
The Orchid real estate market is currently experiencing a growth trend, with an increasing demand for waterfront properties and upscale homes. The area has attracted attention from retirees and those seeking a second home, contributing to rising property values. Despite some fluctuations, the luxury segment of the market remains strong, buoyed by the town's appeal and limited inventory.
In recent months, prices in Orchid have continued to climb as more buyers look for homes in this desirable area. The competition for properties, especially near the water, has intensified, with many listings receiving multiple offers. As a result, sellers are navigating the market confidently, often achieving prices above their listing amounts.
Home Value Estimator For Orchid, FL
There are currently 304 real estate properties
in Orchid, FL,
with a median automated valuation model (AVM) price
of $2,590,513.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Orchid, FL, 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 Orchid, FL,
is $2,695,195.00, with the most expensive house
in Orchid, FL, topping out
at $14,250,000.00 and the cheapest home
in Orchid, FL,
clocking in at $68,631.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Orchid, FL!
Rent Prices
In Orchid, FL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Orchid, FL, is on
a rollercoaster ride. The
average rent price in Orchid, FL,
is $3,550.00. Indeed, when looking to rent in
Orchid, FL, you can expect to pay as little
as $1,880.00 or as much
as $3,880.00,
with the average rent median estimated to
be $3,880.00. The good news is that finding
an affordable and desirable property to rent in Orchid, FL
-- 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
