Rexburg, ID Foreclosures
How much do homes sell for in Rexburg, ID?
The average home price is currently $431,596.
In Rexburg, ID, how many homes are available?
There are currently 4 active home listings available in Rexburg.
What’s the average rental cost in Rexburg, ID?
The average rental price in Rexburg is $1,383.
What is the most expensive home in Rexburg?
The most expensive home sold in Rexburg had a price of $17,647,100.
What is currently the cheapest priced home in Rexburg, ID?
The cheapest home for sale in Rexburg is priced at $15,767.
Living in Rexburg, ID
Rexburg is a vibrant town located in southeastern Idaho known for its close-knit community and strong sense of tradition. The town offers a mix of outdoor adventures and cultural experiences, with easy access to stunning natural landscapes. Home to Brigham Young University-Idaho, Rexburg has a youthful energy that contributes to its dynamic atmosphere.
Current Market Conditions in Rexburg, ID
The Rexburg real estate market has shown steady growth over the past year, with an increase in demand driven by the influx of students and families to the area. Home values have appreciated by approximately 8% year-over-year, creating a dynamic landscape for both buyers and sellers. Inventory levels remain relatively low, leading to quick sales and competitive offers, particularly for entry-level homes and properties near the university.
Currently, homes in Rexburg are garnering significant interest, particularly among first-time buyers and renters due to the strong rental market tethered to the university population. The diversity of available homes ranging from single-family houses to townhouses caters well to varied buyer preferences. Developers are increasingly looking at Rexburg for new construction opportunities, signaling potential growth in the coming years.
Overall, Rexburg's market shows resilience despite external economic pressures, mainly due to consistent demand fueled by its educational institutions. Real estate trends indicate a robust development path, suggesting positive appreciation prospects for homeowners.
Home Value Estimator For Rexburg, ID
There are currently 4,712 real estate properties
in Rexburg, ID,
with a median automated valuation model (AVM) price
of $383,901.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rexburg, ID, 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 Rexburg, ID,
is $431,596.00, with the most expensive house
in Rexburg, ID, topping out
at $17,647,100.00 and the cheapest home
in Rexburg, ID,
clocking in at $15,767.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rexburg, ID!
Rent Prices
In Rexburg, ID
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rexburg, ID, is on
a rollercoaster ride. The
average rent price in Rexburg, ID,
is $1,383.00. Indeed, when looking to rent in
Rexburg, ID, you can expect to pay as little
as $680.00 or as much
as $2,360.00,
with the average rent median estimated to
be $1,450.00. The good news is that finding
an affordable and desirable property to rent in Rexburg, ID
-- 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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