Rake, IA Foreclosures
How much do homes sell for in Rake, IA?
The average home price is currently $136,313.
In Rake, IA, how many homes are available?
There are currently 8 active home listings available in Rake.
What’s the average rental cost in Rake, IA?
The average rental price in Rake is $954.
What is the most expensive home in Rake?
The most expensive home sold in Rake had a price of $1,203,500.
What is currently the cheapest priced home in Rake, IA?
The cheapest home for sale in Rake is priced at $27,217.
Living in Rake, IA
Rake is a small, welcoming community in northern Iowa offering a peaceful rural lifestyle. With a population of around 400 residents, it maintains a close-knit atmosphere filled with friendly neighbors. The town provides easy access to recreational activities and natural beauty, making it an attractive option for those seeking tranquility away from urban life.
Current Market Conditions in Rake, IA
The Rake real estate market has shown signs of steady growth over the past year, with demand for homes increasing due to the town's appealing rural lifestyle. Homes in Rake are often more affordable than those in urban centers, attracting families and retirees looking for a serene setting. The market has benefitted from low-interest rates, allowing more buyers to enter the market. However, available listings remain limited, prompting competitive bidding among buyers for the few homes on the market.
Investors and potential homeowners looking in Rake might find opportunities in the rental market, as there is a steady influx of individuals interested in the benefits of living in a quiet community. This trend is expected to continue as more people seek out affordable living options in rural settings.
Home Value Estimator For Rake, IA
There are currently 93 real estate properties
in Rake, IA,
with a median automated valuation model (AVM) price
of $67,719.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rake, 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 Rake, IA,
is $136,313.00, with the most expensive house
in Rake, IA, topping out
at $1,203,500.00 and the cheapest home
in Rake, IA,
clocking in at $27,217.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rake, IA!
Rent Prices
In Rake, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rake, IA, is on
a rollercoaster ride. The
average rent price in Rake, IA,
is $954.00. Indeed, when looking to rent in
Rake, IA, you can expect to pay as little
as $650.00 or as much
as $1,820.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Rake, 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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