Living in Ransom, KY
Ransom, KY is a small, friendly town that offers a peaceful lifestyle surrounded by nature. The community is tight-knit, with various local events and activities that enhance the living experience. Although it maintains a rural charm, residents have access to essential amenities and a strong sense of community.
Current Market Conditions in Ransom, KY
The real estate market in Ransom is currently experiencing steady growth, with a variety of housing options available for potential investors. Prices remain relatively affordable compared to larger urban areas, creating opportunities for both first-time homebuyers and seasoned investors looking for rental properties.
There is an increased demand for housing in Ransom, driven by individuals and families seeking a quieter lifestyle while still wanting to maintain proximity to urban amenities. This trend is expected to continue, making now an excellent time to invest in real estate in this area.
Home Value Estimator For Ransom, KY
There are currently 180 real estate properties
in Ransom, KY,
with a median automated valuation model (AVM) price
of $99,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ransom, KY, 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 Ransom, KY,
is $105,447.00, with the most expensive house
in Ransom, KY, topping out
at $391,132.00 and the cheapest home
in Ransom, KY,
clocking in at $10,790.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ransom, KY!
Rent Prices
In Ransom, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ransom, KY, is on
a rollercoaster ride. The
average rent price in Ransom, KY,
is $695.00. Indeed, when looking to rent in
Ransom, KY, you can expect to pay as little
as $390.00 or as much
as $1,100.00,
with the average rent median estimated to
be $660.00. The good news is that finding
an affordable and desirable property to rent in Ransom, KY
-- 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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