Patoka, IN Foreclosures
How much do homes sell for in Patoka, IN?
The average home price is currently $196,173.
What’s the average rental cost in Patoka, IN?
The average rental price in Patoka is $1,017.
What is the most expensive home in Patoka?
The most expensive home sold in Patoka had a price of $1,532,844.
What is currently the cheapest priced home in Patoka, IN?
The cheapest home for sale in Patoka is priced at $16,144.
Living in Patoka, IN
Patoka, Indiana, is a quaint and peaceful town known for its friendly community atmosphere and stunning natural beauty. Residents enjoy a slower pace of life surrounded by lush landscapes and recreational opportunities. With local amenities and quality schools, Patoka is perfect for families and those looking to escape the bustle of city life.
Current Market Conditions in Patoka, IN
The real estate market in Patoka, IN, is currently favorable for buyers due to a slight increase in inventory. Homes are remaining on the market longer, allowing buyers more negotiating power. The overall trend indicates a stabilizing market after the recent surge in prices, making it an excellent time to invest in this charming town.
In recent months, the median home prices have shown modest fluctuations with an average increase of around 3%. Rising interest rates have impacted buyer activity, leading to more competitive offers as potential homeowners look to secure their slice of Patoka ahead of further rate hikes.
Home Value Estimator For Patoka, IN
There are currently 680 real estate properties
in Patoka, IN,
with a median automated valuation model (AVM) price
of $161,973.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Patoka, IN, 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 Patoka, IN,
is $196,173.00, with the most expensive house
in Patoka, IN, topping out
at $1,532,844.00 and the cheapest home
in Patoka, IN,
clocking in at $16,144.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Patoka, IN!
Rent Prices
In Patoka, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Patoka, IN, is on
a rollercoaster ride. The
average rent price in Patoka, IN,
is $1,017.00. Indeed, when looking to rent in
Patoka, IN, you can expect to pay as little
as $490.00 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 Patoka, IN
-- 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
