Penrose, NC Foreclosures
How much do homes sell for in Penrose, NC?
The average home price is currently $399,082.
What’s the average rental cost in Penrose, NC?
The average rental price in Penrose is $1,353.
What is the most expensive home in Penrose?
The most expensive home sold in Penrose had a price of $1,410,094.
What is currently the cheapest priced home in Penrose, NC?
The cheapest home for sale in Penrose is priced at $17,329.
Living in Penrose, NC
Penrose, NC, is a charming small community nestled in the heart of the Blue Ridge Mountains. Known for its breathtaking landscapes and friendly residents, it offers a perfect blend of tranquility and adventure. With easy access to outdoor activities and essential amenities in nearby towns, Penrose is an ideal location for families and individuals seeking a peaceful lifestyle.
Current Market Conditions in Penrose, NC
The real estate market in Penrose is currently experiencing a steady increase in demand, reflecting the growing popularity of rural living. Home prices have remained stable over the last year, with a noticeable uptick in interest from families and retirees alike seeking quieter, nature-oriented environments.
As more people prioritize remote work and seek refuge from crowded urban centers, demand for homes in Penrose has risen, with many properties selling quickly. This has led to a more competitive market, where buyers are encouraged to act swiftly when they find a home that meets their needs.
Home Value Estimator For Penrose, NC
There are currently 642 real estate properties
in Penrose, NC,
with a median automated valuation model (AVM) price
of $357,310.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Penrose, NC, 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 Penrose, NC,
is $399,082.00, with the most expensive house
in Penrose, NC, topping out
at $1,410,094.00 and the cheapest home
in Penrose, NC,
clocking in at $17,329.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Penrose, NC!
Rent Prices
In Penrose, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Penrose, NC, is on
a rollercoaster ride. The
average rent price in Penrose, NC,
is $1,353.00. Indeed, when looking to rent in
Penrose, NC, you can expect to pay as little
as $570.00 or as much
as $2,580.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in Penrose, NC
-- 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
