Living in Spurgeon, IN
Spurgeon, IN, is a quaint rural community known for its picturesque surroundings and friendly neighbors. It boasts a range of outdoor activities suitable for families and retirees. With a peaceful atmosphere, affordable housing, and good educational institutions, it is a desirable investment location.
Current Market Conditions in Spurgeon, IN
The real estate market in Spurgeon is currently stable, with a mix of affordable homes and higher-end properties. Investors can find opportunities in both the rental and purchase markets, as demand for housing remains consistent due to the area's increasing popularity.
Recent trends indicate a gradual appreciation in property values, driven by interest in rural living and improved connectivity to nearby urban centers. Supply is relatively stable, making it an excellent time for prospective buyers and investors to enter the market.
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 $112,926.00. 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 $120,803.00, with the most expensive house
in Spurgeon, IN, topping out
at $280,628.00 and the cheapest home
in Spurgeon, IN,
clocking in at $38,763.00. 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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