Living in Paris, KY
Paris, KY is a charming rural town known for its rich history and vibrant community life. It's a great place for families and individuals looking for a quieter lifestyle, while still being relatively close to urban amenities. With an array of local shops, parks, and artisanal eateries, Paris offers a warm and inviting atmosphere for its residents.
Current Market Conditions in Paris, KY
The real estate market in Paris, KY, is currently seeing a steady interest from buyers, especially among families and retirees seeking more affordable housing options. There are various single-family homes, ranging from quaint historic properties to newer developments, catering to different buyer preferences.
In recent months, the demand for homes has led to a slight increase in prices, but it remains competitive and generally more affordable compared to urban areas. Investors are also paying attention as the market shows signs of stability and growth, making Paris a promising option for long-term investment.
Home Value Estimator For Paris, KY
There are currently 6,875 real estate properties
in Paris, KY,
with a median automated valuation model (AVM) price
of $219,062.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Paris, KY, 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 Paris, KY,
is $348,867.00, with the most expensive house
in Paris, KY, topping out
at $19,916,774.00 and the cheapest home
in Paris, KY,
clocking in at $10,263.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Paris, KY!
Rent Prices
In Paris, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Paris, KY, is on
a rollercoaster ride. The
average rent price in Paris, KY,
is $1,098.00. Indeed, when looking to rent in
Paris, KY, you can expect to pay as little
as $420.00 or as much
as $2,380.00,
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 Paris, KY
-- 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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