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Short Sale Listings in Rich Creek, VA 24147

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Living in Rich Creek, VA

Rich Creek, VA, is a charming small town surrounded by the Appalachian Mountains, offering a tranquil lifestyle with rich community spirit. Residents enjoy easy access to outdoor activities, local shops, and educational facilities. The town’s close-knit atmosphere makes it an ideal location for families and retirees seeking serenity and nature.

Current Market Conditions in Rich Creek, VA

The real estate market in Rich Creek reflects a positive trend with increasing property values. The demand for homes in this picturesque region has been gradually rising, largely fueled by people seeking vacation homes or a peaceful retreat from urban life. This growth creates a lucrative opportunity for investors looking for rental properties.

Properties in Rich Creek are seeing a good turnover rate, with many listings attracting buyers quickly. Investors can expect relatively stable returns as the appreciation of home values in the area continues. The combination of scenic beauty and recreational opportunities enhances the market appeal, making it an opportunistic area for real estate development.

Home Value Estimator For Rich Creek, VA

There are currently 366 real estate properties in Rich Creek, VA, with a median automated valuation model (AVM) price of $136,662.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rich Creek, 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 Rich Creek, VA, is $156,596.00, with the most expensive house in Rich Creek, VA, topping out at $1,089,212.00 and the cheapest home in Rich Creek, VA, clocking in at $10,182.00. In other words, there’s something for every potential homebuyer or savvy investor in Rich Creek, VA!

Rent Prices In Rich Creek, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rich Creek, VA, is on a rollercoaster ride. The average rent price in Rich Creek, VA, is $918.00. Indeed, when looking to rent in Rich Creek, VA, you can expect to pay as little as $530.00 or as much as $1,750.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Rich Creek, 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.

Rich Creek, VA 24147 Short Sale Listings

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