Somerset, KY Foreclosures
How much do homes sell for in Somerset, KY?
The average home price is currently $229,475.
In Somerset, KY, how many homes are available?
There are currently 115 active home listings available in Somerset.
What’s the average rental cost in Somerset, KY?
The average rental price in Somerset is $1,037.
What is the most expensive home in Somerset?
The most expensive home sold in Somerset had a price of $7,039,573.
What is currently the cheapest priced home in Somerset, KY?
The cheapest home for sale in Somerset is priced at $10,053.
Living in Somerset, KY
Somerset, KY, is a vibrant town known for its welcoming community and beautiful outdoor settings. With access to Lake Cumberland and a variety of recreational activities, residents enjoy a blend of lifestyle and leisure. The area is also committed to education, providing quality schooling options for families.
Current Market Conditions in Somerset, KY
The real estate market in Somerset is currently experiencing a modest growth trend, attracting both first-time homebuyers and investors. The average home prices have seen a gradual increase, with many properties receiving multiple offers, indicating a competitive environment. As the population continues to grow due to its appealing lifestyle and amenities, the demand for housing is likely to remain strong.
Historically, Somerse's real estate has been stable, with fluctuations tending to follow broader economic trends. The market remains accessible, with many homes available at various price points, making it feasible for diverse buyers.
Home Value Estimator For Somerset, KY
There are currently 15,841 real estate properties
in Somerset, KY,
with a median automated valuation model (AVM) price
of $196,946.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Somerset, 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 Somerset, KY,
is $229,475.00, with the most expensive house
in Somerset, KY, topping out
at $7,039,573.00 and the cheapest home
in Somerset, KY,
clocking in at $10,053.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Somerset, KY!
Rent Prices
In Somerset, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Somerset, KY, is on
a rollercoaster ride. The
average rent price in Somerset, KY,
is $1,037.00. Indeed, when looking to rent in
Somerset, KY, you can expect to pay as little
as $390.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Somerset, 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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