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Preforeclosure Homes in Spencerville, OH

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Living in Spencerville, OH

Spencerville, OH is a charming rural village with a strong sense of community. It offers residents a peaceful lifestyle with access to outdoor activities and local amenities. With its rich history and convenient location, it's an attractive place for families and retirees alike.

Current Market Conditions in Spencerville, OH

The real estate market in Spencerville has shown signs of stability, with a modest increase in home values over the past year. The demand for housing has been steady, driven by the growing popularity of rural living as people seek quieter, more spacious homes away from bustling urban centers.

Seasonal factors play a role in the local market, with trends indicating that spring and summer see heightened activity. The inventory of available homes tends to decrease during colder months, which can lead to increased competition among buyers in peak seasons.

Home Value Estimator For Spencerville, OH

There are currently 1,677 real estate properties in Spencerville, OH, with a median automated valuation model (AVM) price of $169,534.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spencerville, OH, 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 Spencerville, OH, is $204,022.00, with the most expensive house in Spencerville, OH, topping out at $2,090,477.00 and the cheapest home in Spencerville, OH, clocking in at $11,385.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencerville, OH!

Rent Prices In Spencerville, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencerville, OH, is on a rollercoaster ride. The average rent price in Spencerville, OH, is $1,168.00. Indeed, when looking to rent in Spencerville, OH, you can expect to pay as little as $480.00 or as much as $1,880.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Spencerville, OH -- 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.

Spencerville, OH Preforeclosure Homes


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