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Land Foreclosures in Prospect, VA

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Prospect, VA Foreclosures

How much do homes sell for in Prospect, VA?
The average home price is currently $214,158.
What’s the average rental cost in Prospect, VA?
The average rental price in Prospect is $1,060.
What is the most expensive home in Prospect?
The most expensive home sold in Prospect had a price of $3,184,544.
What is currently the cheapest priced home in Prospect, VA?
The cheapest home for sale in Prospect is priced at $10,831.

Living in Prospect, VA

Prospect, VA is a serene, rural community ideal for those seeking a peaceful retreat. With its beautiful landscapes and friendly atmosphere, it offers outdoor activities and a strong sense of community. Local amenities, including schools and markets, further enhance the living experience in this quaint town.

Current Market Conditions in Prospect, VA

The real estate market in Prospect has seen a stable increase in demand, driven by those seeking tranquility and a slower pace of life. Properties are favorably priced, appealing to both first-time homebuyers and those looking for a second home.

Investing in real estate in Prospect provides an opportunity for growth, as buyers are drawn to the affordability compared to larger urban areas in Virginia. Homes here are often larger with more land, making them desirable for families and retirees alike.

Home Value Estimator For Prospect, VA

There are currently 852 real estate properties in Prospect, VA, with a median automated valuation model (AVM) price of $182,160.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prospect, 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 Prospect, VA, is $214,158.00, with the most expensive house in Prospect, VA, topping out at $3,184,544.00 and the cheapest home in Prospect, VA, clocking in at $10,831.00. In other words, there’s something for every potential homebuyer or savvy investor in Prospect, VA!

Rent Prices In Prospect, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prospect, VA, is on a rollercoaster ride. The average rent price in Prospect, VA, is $1,060.00. Indeed, when looking to rent in Prospect, VA, you can expect to pay as little as $660.00 or as much as $1,820.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Prospect, 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.

Prospect, VA Land


Market Trend for Prospect, VA

Total Listings Available: 0

Market Values:

Home Prices from $10,831 to $3,184,544

Average Sales Price: $214,158

Rental Values:

Rental from $660 to $1,820

Average Rent Value: $1,060 / month

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