Foreclosure Homes in Phelps, NY 14532

Current Market Conditions in Phelps, NY

The Phelps real estate market has shown promising signs of stability, with moderate increases in home prices over the past year. Buyers are attracted to the village's affordable starter homes and rural charm, leading to a competitive yet balanced market.

Interest in Phelps has been rising post-pandemic as more people seek quieter living away from busy urban centers. The low inventory of homes for sale has intensified competition, particularly among first-time homebuyers seeking value.

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.