Tram, KY Foreclosures
How much do homes sell for in Tram, KY?
The average home price is currently $83,127.
What’s the average rental cost in Tram, KY?
The average rental price in Tram is $689.
What is the most expensive home in Tram?
The most expensive home sold in Tram had a price of $218,169.
What is currently the cheapest priced home in Tram, KY?
The cheapest home for sale in Tram is priced at $14,770.
Living in Tram, KY
Tram, Kentucky is a small, picturesque community nestled in the natural beauty of the Appalachian region. Known for its friendly atmosphere, Tram offers a peaceful rural lifestyle with convenient access to larger towns. Residents enjoy a close-knit community spirit, with many opportunities for outdoor activities such as hiking and fishing in the nearby rivers and parks.
Current Market Conditions in Tram, KY
The real estate market in Tram, KY has seen a gradual increase in demand over the past year. The region's allure for those looking for a peaceful rural lifestyle has prompted a steady influx of buyers seeking homes in close-knit communities, which has driven prices upward. However, the increase is moderate compared to urban markets, keeping it affordable for many.
Current trends indicate a growing interest in properties with larger plots of land, as buyers desire more space for gardening, outdoor activities, and privacy. The supply of available homes, particularly those with acreage, is somewhat limited, contributing to a competitive market dynamic.
Home Value Estimator For Tram, KY
There are currently 46 real estate properties
in Tram, KY,
with a median automated valuation model (AVM) price
of $81,481.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tram, 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 Tram, KY,
is $83,127.00, with the most expensive house
in Tram, KY, topping out
at $218,169.00 and the cheapest home
in Tram, KY,
clocking in at $14,770.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tram, KY!
Rent Prices
In Tram, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tram, KY, is on
a rollercoaster ride. The
average rent price in Tram, KY,
is $689.00. Indeed, when looking to rent in
Tram, KY, you can expect to pay as little
as $500.00 or as much
as $1,020.00,
with the average rent median estimated to
be $630.00. The good news is that finding
an affordable and desirable property to rent in Tram, 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.
Learn more on Foreclosure homes
