Phelps, KY Foreclosures
How much do homes sell for in Phelps, KY?
The average home price is currently $97,918.
What’s the average rental cost in Phelps, KY?
The average rental price in Phelps is $681.
What is the most expensive home in Phelps?
The most expensive home sold in Phelps had a price of $574,641.
What is currently the cheapest priced home in Phelps, KY?
The cheapest home for sale in Phelps is priced at $4,421.
Living in Phelps, KY
Phelps, KY is a serene, rural community with a strong connection to nature and a friendly atmosphere. Residents enjoy outdoor activities, local events, and a close-knit community feel. The town offers essential amenities within a peaceful, picturesque setting.
Current Market Conditions in Phelps, KY
The real estate market in Phelps, KY is currently stable, with prices remaining consistent over the past few months. More families are considering relocation to this rural area due to its affordable housing and charm.
In recent years, Phelps has seen a slight increase in property values, particularly for families looking for larger homes with land. The demand for rural living is pushing growth in the area.
Home Value Estimator For Phelps, KY
There are currently 775 real estate properties
in Phelps, KY,
with a median automated valuation model (AVM) price
of $87,685.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Phelps, 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 Phelps, KY,
is $97,918.00, with the most expensive house
in Phelps, KY, topping out
at $574,641.00 and the cheapest home
in Phelps, KY,
clocking in at $4,421.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Phelps, KY!
Rent Prices
In Phelps, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Phelps, KY, is on
a rollercoaster ride. The
average rent price in Phelps, KY,
is $681.00. Indeed, when looking to rent in
Phelps, KY, you can expect to pay as little
as $380.00 or as much
as $1,520.00,
with the average rent median estimated to
be $650.00. The good news is that finding
an affordable and desirable property to rent in Phelps, 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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