Living in Upton, KY
Upton, Kentucky is a small, quaint town located in Hart County known for its friendly community and rural charm. The area features a mix of agricultural and residential properties providing a serene living environment. Residents enjoy easy access to nearby parks and recreational activities, making it a desirable place for families and retirees alike.
Current Market Conditions in Upton, KY
The real estate market in Upton is presently stable, characterized by an increase in home values as demand slowly rises. The modest growth over the past year suggests that more homebuyers are discovering the charm of small-town living. Investors are beginning to take note of this trend, evaluating potential rental properties in the area as the population grows.
In terms of inventory, there is a healthy turnover of homes, indicating a balanced market. While prices have seen a gradual increase, they remain affordable compared to larger cities, attracting buyers from surrounding regions.
While the overall market remains steady, recent interest from families and retirees looking for affordable housing options has created a competitive edge for certain properties, especially those near schools and local amenities.
Home Value Estimator For Upton, KY
There are currently 883 real estate properties
in Upton, KY,
with a median automated valuation model (AVM) price
of $176,761.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Upton, 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 Upton, KY,
is $204,422.00, with the most expensive house
in Upton, KY, topping out
at $1,358,885.00 and the cheapest home
in Upton, KY,
clocking in at $11,116.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Upton, KY!
Rent Prices
In Upton, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Upton, KY, is on
a rollercoaster ride. The
average rent price in Upton, KY,
is $935.00. Indeed, when looking to rent in
Upton, KY, you can expect to pay as little
as $410.00 or as much
as $2,280.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Upton, 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.
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