Phelps, KY Foreclosures
How much do homes sell for in Phelps, KY?
The average home price is currently $97,228.
In Phelps, KY, how many homes are available?
There are currently 2 active home listings available in Phelps.
What’s the average rental cost in Phelps, KY?
The average rental price in Phelps is $680.
What is the most expensive home in Phelps?
The most expensive home sold in Phelps had a price of $581,300.
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, Kentucky, is a quaint town nestled in the Appalachian foothills, offering a peaceful lifestyle amidst beautiful natural surroundings. With its family-friendly atmosphere and strong sense of community, it presents an ideal place for those seeking a slower pace. Residents enjoy various outdoor activities, along with local amenities that enhance their quality of life.
Current Market Conditions in Phelps, KY
The real estate market in Phelps, KY, is showing signs of stability with modest price appreciation over the past year. The demand for single-family homes has remained consistent as buyers seek the unique charm of rural living combined with natural beauty. Although the market is primarily driven by local buyers, there is a growing interest from individuals looking to relocate to quieter environments, which may encourage further growth in property values.
In recent months, Phelps' housing market has been characterized by a limited inventory. As new listings come onto the market, homes tend to sell quickly, reflecting the ongoing demand. The average days on the market have decreased, indicating that buyers are eager to purchase properties in this desirable area.
Home Value Estimator For Phelps, KY
There are currently 709 real estate properties
in Phelps, KY,
with a median automated valuation model (AVM) price
of $87,869.00. 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 $97,228.00, with the most expensive house
in Phelps, KY, topping out
at $581,300.00 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 $680.00. 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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