Foreclosure Homes in Phelps, NY 14532

Current Market Conditions in Phelps, NY

Phelps has experienced a steady growth in its real estate market, driven by interest in suburban living and proximity to the Finger Lakes region. Buyers are drawn to the affordable home prices and the charm of the area. The market has seen a variety of homes sold, from historic properties to newer builds, making it attractive for both first-time buyers and those looking for vacation homes.

There is a notable trend of people relocating to Phelps from urban areas, as remote work becomes more prominent. This influx is contributing to a more competitive housing market, with homes often selling quickly.

Rent Prices In Phelps, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phelps, NY, is on a rollercoaster ride. The average rent price in Phelps, NY, is $1,239.00. Indeed, when looking to rent in Phelps, NY, you can expect to pay as little as $740.00 or as much as $2,010.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Phelps, NY -- 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.