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Rent To Own Homes in Painesville, OH

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Painesville, OH Foreclosures

How much do homes sell for in Painesville, OH?
The average home price is currently $281,250.
In Painesville, OH, how many homes are available?
There are currently 49 active home listings available in Painesville.
What’s the average rental cost in Painesville, OH?
The average rental price in Painesville is $1,296.
What is the most expensive home in Painesville?
The most expensive home sold in Painesville had a price of $7,266,855.
What is currently the cheapest priced home in Painesville, OH?
The cheapest home for sale in Painesville is priced at $10,827.

Living in Painesville, OH

Painesville, OH, is a picturesque city situated by Lake Erie, offering a combination of history, outdoor activities, and a tight-knit community vibe. Known for its beautiful parks and rich cultural offerings, Painesville is an ideal location for families and those looking for a peaceful yet engaging lifestyle.

Current Market Conditions in Painesville, OH

The Painesville real estate market has shown stability over the last several months, with home prices maintaining steady growth as demand remains high. The proximity to Lake Erie and the vibrant local community play a significant role in attracting new buyers, particularly families and young professionals looking for affordable yet spacious homes.

The area has seen a variety of new construction homes emerging, reflecting a shift towards modern residential options. With interest rates fluctuating, potential first-time homebuyers are motivated to act quickly while housing inventory remains relatively low.

Home Value Estimator For Painesville, OH

There are currently 18,617 real estate properties in Painesville, OH, with a median automated valuation model (AVM) price of $245,968.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Painesville, OH, 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 Painesville, OH, is $281,250.00, with the most expensive house in Painesville, OH, topping out at $7,266,855.00 and the cheapest home in Painesville, OH, clocking in at $10,827.00. In other words, there’s something for every potential homebuyer or savvy investor in Painesville, OH!

Rent Prices In Painesville, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Painesville, OH, is on a rollercoaster ride. The average rent price in Painesville, OH, is $1,296.00. Indeed, when looking to rent in Painesville, OH, you can expect to pay as little as $550.00 or as much as $2,430.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Painesville, OH -- 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.

Painesville, OH Rent To Own Homes

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