Phenix, VA Foreclosures
How much do homes sell for in Phenix, VA?
The average home price is currently $181,920.
In Phenix, VA, how many homes are available?
There are currently 6 active home listings available in Phenix.
What’s the average rental cost in Phenix, VA?
The average rental price in Phenix is $1,100.
What is the most expensive home in Phenix?
The most expensive home sold in Phenix had a price of $975,679.
What is currently the cheapest priced home in Phenix, VA?
The cheapest home for sale in Phenix is priced at $16,267.
Living in Phenix, VA
Phenix, VA is a charming small town known for its friendly community and beautiful natural surroundings. With a range of outdoor activities, local shops, and access to educational facilities, it’s an ideal place for families and individuals seeking a quiet lifestyle. The town's proximity to larger urban areas enhances its appeal without sacrificing its peaceful atmosphere.
Current Market Conditions in Phenix, VA
The real estate market in Phenix, VA has seen an uptick in interest over the past several months, driven by buyers seeking affordable homes in a charming, rural setting. Many properties are attracting first-time homebuyers as well as retirees looking to downsize. However, the inventory is still relatively low, causing homes to sell quickly in the market.
As more people have grown accustomed to remote work, the demand for homes outside major cities like Lynchburg has increased. Phenix is positioned as a desirable alternative for those wanting space, affordability, and a quality lifestyle, leading to potential price increases in the near future.
Home Value Estimator For Phenix, VA
There are currently 284 real estate properties
in Phenix, VA,
with a median automated valuation model (AVM) price
of $155,583.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Phenix, VA, 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 Phenix, VA,
is $181,920.00, with the most expensive house
in Phenix, VA, topping out
at $975,679.00 and the cheapest home
in Phenix, VA,
clocking in at $16,267.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Phenix, VA!
Rent Prices
In Phenix, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Phenix, VA, is on
a rollercoaster ride. The
average rent price in Phenix, VA,
is $1,100.00. Indeed, when looking to rent in
Phenix, VA, you can expect to pay as little
as $570.00 or as much
as $2,040.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Phenix, VA
-- 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.
Learn more on Foreclosure homes
