Velma, OK Foreclosures
How much do homes sell for in Velma, OK?
The average home price is currently $113,255.
In Velma, OK, how many homes are available?
There are currently 46 active home listings available in Velma.
What’s the average rental cost in Velma, OK?
The average rental price in Velma is $1,083.
What is the most expensive home in Velma?
The most expensive home sold in Velma had a price of $419,426.
What is currently the cheapest priced home in Velma, OK?
The cheapest home for sale in Velma is priced at $11,544.
Living in Velma, OK
Velma, Oklahoma, is a quaint town that offers a close-knit community and a relaxed lifestyle. With its scenic surroundings and ample outdoor activities, it's perfect for families and individuals seeking a peaceful environment. The local amenities and schools contribute to Velma's charm, making it a desirable place to call home.
Current Market Conditions in Velma, OK
The real estate market in Velma is currently showing a steady demand for homes, especially among families seeking affordable housing options in a serene environment. The town's attractive lifestyle combined with its reasonable home prices makes it a compelling choice for buyers looking for long-term investments.
Recently, there has been a noticeable uptick in home renovations and new constructions, indicating a trend of homeowners looking to improve their living spaces or newcomers attracted to the area. With affordable prices, many find Velma a suitable option without the pressures of larger towns.
Home Value Estimator For Velma, OK
There are currently 43 real estate properties
in Velma, OK,
with a median automated valuation model (AVM) price
of $108,428.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Velma, OK, 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 Velma, OK,
is $113,255.00, with the most expensive house
in Velma, OK, topping out
at $419,426.00 and the cheapest home
in Velma, OK,
clocking in at $11,544.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Velma, OK!
Rent Prices
In Velma, OK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Velma, OK, is on
a rollercoaster ride. The
average rent price in Velma, OK,
is $1,083.00. Indeed, when looking to rent in
Velma, OK, you can expect to pay as little
as $770.00 or as much
as $1,540.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Velma, OK
-- 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
