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Preforeclosure Homes in Ottumwa, IA

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Living in Ottumwa, IA

Ottumwa, IA, is a thriving community characterized by its rich cultural heritage, diverse dining and recreational options, and strong educational institutions. The city boasts a tight-knit community atmosphere, coupled with easy access to larger urban centers. With ample amenities and a welcoming environment, Ottumwa is an appealing location for real estate investments.

Current Market Conditions in Ottumwa, IA

The real estate market in Ottumwa is currently experiencing a steady growth trend, with an increase in property values over the past year. Investors are drawn to the area due to its affordability and potential for capital appreciation, especially as more individuals seek out the charm of smaller cities.

Inventory levels are relatively low, resulting in a competitive market for home buyers. The demand for rentals is also on the rise, driven by the influx of new residents and students seeking accommodation near local educational institutions.

Home Value Estimator For Ottumwa, IA

There are currently 10,970 real estate properties in Ottumwa, IA, with a median automated valuation model (AVM) price of $109,830.00. 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 $150,680.00, 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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