Living in Spurgeon, IN
Spurgeon is a quaint, small town in Indiana offering a tight-knit community atmosphere with charming homes and access to local amenities. Residents enjoy a slower pace of life while being conveniently located near larger cities for more extensive services. This area is surrounded by picturesque landscapes, making it ideal for those who appreciate nature and outdoor activities.
Current Market Conditions in Spurgeon, IN
The real estate market in Spurgeon is currently favorable for buyers, with a mix of entry-level and mid-range properties available. Recent trends indicate a stable demand for homes, with new listings gradually entering the market. Buyers can expect to find a variety of options, from family homes to smaller residences suitable for retirees or singles.
Overall, the market has seen slight appreciation in home values over the past year, although prices remain quite affordable compared to nearby urban areas. Strong community ties and ongoing local development projects are likely to bolster economic growth, enhancing the value of real estate investments in Spurgeon.
Home Value Estimator For Spurgeon, IN
There are currently 69 real estate properties
in Spurgeon, IN,
with a median automated valuation model (AVM) price
of $109,726.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spurgeon, 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 Spurgeon, IN,
is $118,041.00, with the most expensive house
in Spurgeon, IN, topping out
at $267,709.00 and the cheapest home
in Spurgeon, IN,
clocking in at $37,262.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spurgeon, IN!
Rent Prices
In Spurgeon, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spurgeon, IN, is on
a rollercoaster ride. The
average rent price in Spurgeon, IN,
is $862.00. Indeed, when looking to rent in
Spurgeon, IN, you can expect to pay as little
as $500.00 or as much
as $1,210.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Spurgeon, 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.
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