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Foreclosure Homes in Patterson, IA 50218

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Patterson, IA Foreclosures

How much do homes sell for in Patterson, IA?
The average home price is currently $155,066.
In Patterson, IA, how many homes are available?
There are currently 10 active home listings available in Patterson.
What’s the average rental cost in Patterson, IA?
The average rental price in Patterson is $1,326.
What is the most expensive home in Patterson?
The most expensive home sold in Patterson had a price of $358,275.
What is currently the cheapest priced home in Patterson, IA?
The cheapest home for sale in Patterson is priced at $38,319.

Living in Patterson, IA

Patterson is a quaint village located in Madison County, Iowa, known for its serene countryside and close-knit community. With a population that embraces rural living, residents enjoy a peaceful lifestyle surrounded by natural beauty and outdoor recreational opportunities. The area is rich in history and offers a sense of simplicity, making it an appealing choice for families and individuals seeking a retreat from urban life.

Current Market Conditions in Patterson, IA

Currently, Patterson's real estate market remains stable with slight growth observed in property values. The demand for homes in rural areas like Patterson has increased as more people seek peaceful living environments, which may lead to competitive pricing for listings here.

Historic property values in Patterson have shown resilience during economic fluctuations, reflecting a strong sense of community and desirability for people looking for homes in serene locations.

Home Value Estimator For Patterson, IA

There are currently 68 real estate properties in Patterson, IA, with a median automated valuation model (AVM) price of $149,161.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Patterson, 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 Patterson, IA, is $155,066.00, with the most expensive house in Patterson, IA, topping out at $358,275.00 and the cheapest home in Patterson, IA, clocking in at $38,319.00. In other words, there’s something for every potential homebuyer or savvy investor in Patterson, IA!

Rent Prices In Patterson, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Patterson, IA, is on a rollercoaster ride. The average rent price in Patterson, IA, is $1,326.00. Indeed, when looking to rent in Patterson, IA, you can expect to pay as little as $850.00 or as much as $1,790.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Patterson, 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.

Patterson, IA 50218 Foreclosures

Market Trend for Patterson, IA

Total Listings Available: 10

Market Values:

Home Prices from $38,319 to $358,275

Average Sales Price: $155,066

Rental Values:

Rental from $850 to $1,790

Average Rent Value: $1,326 / month

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