Living in Prescott, IA
Prescott, Iowa, is a quaint small town with a welcoming community and a peaceful atmosphere. The town offers beautiful landscapes, local amenities, and outdoor activities, making it an ideal place for families and individuals seeking a quiet lifestyle. With a focus on education and community engagement, Prescott provides a wholesome environment to live and thrive.
Current Market Conditions in Prescott, IA
The current real estate market in Prescott is characterized by a steady demand for residential properties. The relatively low inventory is contributing to rising home prices, making it a competitive market for buyers. The popularity of small-town living is attracting families and retirees who appreciate the tranquility and community spirit of Prescott.
As of this month, home sales have increased slightly compared to last year, with more people looking to relocate to rural areas. Investors are also taking notice of Prescott's potential, contributing to ongoing developments and renovations in the housing sector.
Home Value Estimator For Prescott, IA
There are currently 231 real estate properties
in Prescott, IA,
with a median automated valuation model (AVM) price
of $172,029.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prescott, IA, 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 Prescott, IA,
is $227,127.00, with the most expensive house
in Prescott, IA, topping out
at $969,059.00 and the cheapest home
in Prescott, IA,
clocking in at $19,003.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prescott, IA!
Rent Prices
In Prescott, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prescott, IA, is on
a rollercoaster ride. The
average rent price in Prescott, IA,
is $1,073.00. Indeed, when looking to rent in
Prescott, IA, you can expect to pay as little
as $770.00 or as much
as $1,250.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Prescott, IA
-- 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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