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Cheap Homes in Rio, WV

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Rio, WV Foreclosures

How much do homes sell for in Rio, WV?
The average home price is currently $294,574.
What’s the average rental cost in Rio, WV?
The average rental price in Rio is $1,090.
What is the most expensive home in Rio?
The most expensive home sold in Rio had a price of $1,553,506.
What is currently the cheapest priced home in Rio, WV?
The cheapest home for sale in Rio is priced at $11,987.

Living in Rio, WV

Rio, WV, is a charming small town known for its stunning natural scenery and tight-knit community feel. The area offers a peaceful lifestyle with a variety of outdoor activities and a rich local culture. With easy access to larger towns, residents can enjoy both the tranquility of rural living and the conveniences of nearby urban areas.

Current Market Conditions in Rio, WV

The current real estate market in Rio, WV, is characterized by moderate activity with a steady demand for homes. The rural nature of this community attracts those looking for peaceful living, driving prices upward slightly. Inventory is limited but appears stable, suggesting cautious optimism for prospective buyers and sellers alike.”

An emerging trend in Rio is the interest in vacation homes from those outside the area. This uptick has contributed to a gradual increase in property values, which are appealing for buyers who wish to escape city life for weekends in nature.

Home Value Estimator For Rio, WV

There are currently 227 real estate properties in Rio, WV, with a median automated valuation model (AVM) price of $276,375.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rio, WV, 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 Rio, WV, is $294,574.00, with the most expensive house in Rio, WV, topping out at $1,553,506.00 and the cheapest home in Rio, WV, clocking in at $11,987.00. In other words, there’s something for every potential homebuyer or savvy investor in Rio, WV!

Rent Prices In Rio, WV

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rio, WV, is on a rollercoaster ride. The average rent price in Rio, WV, is $1,090.00. Indeed, when looking to rent in Rio, WV, you can expect to pay as little as $770.00 or as much as $1,470.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Rio, WV -- 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.

Cheap Homes in Rio, WV


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