Living in Truro, IA
Truro, Iowa, is an inviting small town known for its friendly community and serene natural surroundings. The town boasts quality educational institutions and ample outdoor recreational activities, making it an ideal location for families. With its strong community events and nearby amenities, Truro offers a comfortable lifestyle for all residents.
Current Market Conditions in Truro, IA
The current real estate market in Truro, IA, is experiencing moderate growth, with an increasing demand for affordable single-family homes. This trend is attracting both first-time homebuyers and real estate investors looking for opportunities in a peaceful, rural setting.
In recent months, home prices have shown a gradual increase due to limited inventory and rising interest in the area, suggesting that it is becoming a desirable place for families and retirees alike.
Home Value Estimator For Truro, IA
There are currently 384 real estate properties
in Truro, IA,
with a median automated valuation model (AVM) price
of $236,759.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Truro, IA, 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 Truro, IA,
is $276,780.00, with the most expensive house
in Truro, IA, topping out
at $788,210.00 and the cheapest home
in Truro, IA,
clocking in at $18,256.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Truro, IA!
Rent Prices
In Truro, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Truro, IA, is on
a rollercoaster ride. The
average rent price in Truro, IA,
is $1,545.00. Indeed, when looking to rent in
Truro, IA, you can expect to pay as little
as $870.00 or as much
as $2,270.00,
with the average rent median estimated to
be $1,510.00. The good news is that finding
an affordable and desirable property to rent in Truro, IA
-- 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.