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Rent To Own Homes in Suffolk, VA

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Living in Suffolk, VA

Suffolk, VA is a lovely suburban city offering a mix of historic charm and modern conveniences. The city features excellent educational institutions, parks, and a variety of shopping and dining options. With its convenient access to major highways, residents can easily travel to nearby areas, while enjoying the serene charm of Virginia landscapes.

Current Market Conditions in Suffolk, VA

The real estate market in Suffolk has shown steady growth due to the city's desirable suburban lifestyle. With a variety of single-family homes available, buyers are drawn to the area for its affordability compared to surrounding cities.

Recent trends indicate a competitive market, particularly for homes that are well-maintained and located near amenities. The popularity of Suffolk is on the rise, with an influx of new residents looking for spacious homes and family-friendly neighborhoods.

Home Value Estimator For Suffolk, VA

There are currently 34,289 real estate properties in Suffolk, VA, with a median automated valuation model (AVM) price of $368,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Suffolk, VA, 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 Suffolk, VA, is $434,418.00, with the most expensive house in Suffolk, VA, topping out at $103,742,080.00 and the cheapest home in Suffolk, VA, clocking in at $10,222.00. In other words, there’s something for every potential homebuyer or savvy investor in Suffolk, VA!

Rent Prices In Suffolk, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Suffolk, VA, is on a rollercoaster ride. The average rent price in Suffolk, VA, is $1,774.00. Indeed, when looking to rent in Suffolk, VA, you can expect to pay as little as $640.00 or as much as $6,490.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Suffolk, VA -- 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.

Suffolk, VA Rent To Own Homes

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