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Foreclosure Homes in Salamonia, IN 47381

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Salamonia, IN Foreclosures

How much do homes sell for in Salamonia, IN?
The average home price is currently $116,764.
What’s the average rental cost in Salamonia, IN?
The average rental price in Salamonia is $875.
What is the most expensive home in Salamonia?
The most expensive home sold in Salamonia had a price of $391,742.
What is currently the cheapest priced home in Salamonia, IN?
The cheapest home for sale in Salamonia is priced at $45,000.

Living in Salamonia, IN

Salamonie, Indiana, is a quaint small town offering a peaceful lifestyle surrounded by picturesque landscapes. The community provides residents access to outdoor activities like hiking and fishing, particularly around the nearby Salamonie Lake. With a strong sense of community and local events, Salamonie is perfect for those seeking a quiet yet engaged living environment.

Current Market Conditions in Salamonia, IN

The real estate market in Salamonie is currently experiencing a steady growth trend, with an increase in demand for cozy homes in the area. The community's appeal lies in its affordable housing options and the attractive benefits of rural living which continue to draw buyers looking for a more tranquil lifestyle.

Recent months have shown increased sales activity, signaling a re-engagement of buyers looking to invest or relocate within the region. The combination of typical low inventory levels and rising property values indicates that now may be a good time to buy before prices rise further.

Home Value Estimator For Salamonia, IN

There are currently 72 real estate properties in Salamonia, IN, with a median automated valuation model (AVM) price of $103,225.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salamonia, IN, 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 Salamonia, IN, is $116,764.00, with the most expensive house in Salamonia, IN, topping out at $391,742.00 and the cheapest home in Salamonia, IN, clocking in at $45,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Salamonia, IN!

Rent Prices In Salamonia, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salamonia, IN, is on a rollercoaster ride. The average rent price in Salamonia, IN, is $875.00. Indeed, when looking to rent in Salamonia, IN, you can expect to pay as little as $620.00 or as much as $1,120.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Salamonia, IN -- 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.

Salamonia, IN 47381 Foreclosures

Market Trend for Salamonia, IN

Total Listings Available: 0

Market Values:

Home Prices from $45,000 to $391,742

Average Sales Price: $116,764

Rental Values:

Rental from $620 to $1,120

Average Rent Value: $875 / month

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