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Preforeclosure Homes in Ottumwa, IA

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Living in Ottumwa, IA

Ottumwa, IA is a welcoming city in southeast Iowa, rich in history and community spirit. With a charming downtown, ample parks for outdoor activities, and a strong educational system, it offers a quality lifestyle for families and individuals alike. The blend of small-town hospitality with cultural events makes Ottumwa an attractive place to live.

Current Market Conditions in Ottumwa, IA

The real estate market in Ottumwa has been experiencing steady growth. Home prices have increased moderately over the past year, driven by demand from first-time buyers and families looking for affordable housing options. The community's appeal lies in its functional amenities and historic charm, which continue to attract new residents.

There has been a noticeable increase in renovations and development projects in Ottumwa, enhancing the livability and attractiveness of the area. As more people move to the city, the demand for homes is expected to keep prices rising, making it an ideal time for investors to consider opportunities in this market.

Home Value Estimator For Ottumwa, IA

There are currently 10,927 real estate properties in Ottumwa, IA, with a median automated valuation model (AVM) price of $109,803.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ottumwa, IA, 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 Ottumwa, IA, is $150,879.00, with the most expensive house in Ottumwa, IA, topping out at $9,350,187.00 and the cheapest home in Ottumwa, IA, clocking in at $13,359.00. In other words, there’s something for every potential homebuyer or savvy investor in Ottumwa, IA!

Rent Prices In Ottumwa, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ottumwa, IA, is on a rollercoaster ride. The average rent price in Ottumwa, IA, is $1,036.00. Indeed, when looking to rent in Ottumwa, IA, you can expect to pay as little as $450.00 or as much as $2,000.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Ottumwa, IA -- 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.

Ottumwa, IA Preforeclosure Homes


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