Living in Promise City, IA
Promise City, IA, is a charming rural community known for its serene lifestyle and friendly atmosphere. The town offers various outdoor activities, beautiful landscapes, and educational opportunities, making it an excellent place for families and individuals. Local amenities, combined with a close-knit community, provide a perfect balance for residents seeking a peaceful yet engaging environment.
Current Market Conditions in Promise City, IA
The real estate market in Promise City is currently showing signs of stability, with a steady influx of interested buyers drawn to the area's affordability and lifestyle. Home prices in the area have seen a modest appreciation over the past year, making it an attractive investment opportunity for those looking to enter the market.
Despite its smaller size, Promise City benefits from a growing awareness among potential buyers looking for a peaceful retreat from bustling urban centers. As more people seek affordable housing options, the demand for properties in this area is expected to increase, suggesting favorable conditions for investors.
Home Value Estimator For Promise City, IA
There are currently 120 real estate properties
in Promise City, IA,
with a median automated valuation model (AVM) price
of $185,019.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Promise City, 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 Promise City, IA,
is $222,253.00, with the most expensive house
in Promise City, IA, topping out
at $763,794.00 and the cheapest home
in Promise City, IA,
clocking in at $40,199.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Promise City, IA!
Rent Prices
In Promise City, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Promise City, IA, is on
a rollercoaster ride. The
average rent price in Promise City, IA,
is $1,015.00. Indeed, when looking to rent in
Promise City, IA, you can expect to pay as little
as $710.00 or as much
as $1,370.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Promise City, 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.
Learn more on Foreclosure homes
