Petroleum, IN Foreclosures
How much do homes sell for in Petroleum, IN?
The average home price is currently $122,717.
What’s the average rental cost in Petroleum, IN?
The average rental price in Petroleum is $839.
What is the most expensive home in Petroleum?
The most expensive home sold in Petroleum had a price of $178,753.
What is currently the cheapest priced home in Petroleum, IN?
The cheapest home for sale in Petroleum is priced at $53,116.
Living in Petroleum, IN
Petroleum, Indiana is a serene and welcoming town known for its community spirit and picturesque landscapes. Residents enjoy a peaceful lifestyle, engaging in local events and outdoor activities. With its charming atmosphere and close access to larger cities, Petroleum is an ideal place for families and individuals seeking a tranquil lifestyle.
Current Market Conditions in Petroleum, IN
The real estate market in Petroleum has been steadily growing, with a noticeable increase in demand for single-family homes as more people seek properties in smaller towns. This trend highlights the appeal of rural living and community-focused lifestyles, making Petroleum an attractive option for homebuyers.
Currently, the average home price in Petroleum is competitive compared to nearby urban areas, offering potential buyers great value for money. Many homes available in the market reflect varying styles and pricing, accommodating diverse buyer preferences.
Home Value Estimator For Petroleum, IN
There are currently 53 real estate properties
in Petroleum, IN,
with a median automated valuation model (AVM) price
of $121,192.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Petroleum, 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 Petroleum, IN,
is $122,717.00, with the most expensive house
in Petroleum, IN, topping out
at $178,753.00 and the cheapest home
in Petroleum, IN,
clocking in at $53,116.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Petroleum, IN!
Rent Prices
In Petroleum, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Petroleum, IN, is on
a rollercoaster ride. The
average rent price in Petroleum, IN,
is $839.00. Indeed, when looking to rent in
Petroleum, IN, you can expect to pay as little
as $530.00 or as much
as $1,050.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Petroleum, 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.
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