Reed, KY Foreclosures
How much do homes sell for in Reed, KY?
The average home price is currently $143,527.
In Reed, KY, how many homes are available?
There are currently 5 active home listings available in Reed.
What’s the average rental cost in Reed, KY?
The average rental price in Reed is $847.
What is the most expensive home in Reed?
The most expensive home sold in Reed had a price of $1,419,354.
What is currently the cheapest priced home in Reed, KY?
The cheapest home for sale in Reed is priced at $10,059.
Living in Reed, KY
Reed, Kentucky is a small, charming community located in the western part of the state. Known for its serenity and friendly atmosphere, Reed offers a tight-knit community feel while being conveniently located near larger cities for urban amenities. Residents enjoy the peaceful rural lifestyle paired with access to modern conveniences.
Current Market Conditions in Reed, KY
The real estate market in Reed, KY has seen a steady progression as more individuals are drawn to its tranquil lifestyle combined with affordability. With the current trend of remote working, many are seeking smaller communities that offer comfort and a slower pace, and Reed fits that bill perfectly. The prices for homes in Reed remain relatively lower compared to urban areas, making it a prime candidate for both first-time buyers and investors alike.
In the past several months, the demand for housing in Reed has been consistent, particularly for small family homes and starter properties. As the market continues to stabilize, potential buyers are encouraged to act swiftly as listings tend to move quickly in this area.
Home Value Estimator For Reed, KY
There are currently 285 real estate properties
in Reed, KY,
with a median automated valuation model (AVM) price
of $109,667.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Reed, 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 Reed, KY,
is $143,527.00, with the most expensive house
in Reed, KY, topping out
at $1,419,354.00 and the cheapest home
in Reed, KY,
clocking in at $10,059.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Reed, KY!
Rent Prices
In Reed, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Reed, KY, is on
a rollercoaster ride. The
average rent price in Reed, KY,
is $847.00. Indeed, when looking to rent in
Reed, KY, you can expect to pay as little
as $590.00 or as much
as $2,020.00,
with the average rent median estimated to
be $780.00. The good news is that finding
an affordable and desirable property to rent in Reed, 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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