Velma, OK Foreclosures
How much do homes sell for in Velma, OK?
The average home price is currently $113,255.
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 serene small town that offers a peaceful lifestyle with a welcoming community. Known for its agricultural roots, Velma features beautiful landscapes and good educational facilities. Residents enjoy a range of outdoor activities and easy access to nearby cities without the hustle and bustle of urban life.
Current Market Conditions in Velma, OK
In Velma, the real estate market is showing steady signs of growth, with increased interest from homebuyers looking for affordable housing options. The listings feature a range of properties, from quaint single-family homes to larger estates with land. Inventory levels are relatively stable, with demand meeting supply, keeping prices affordable for families and first-time buyers.
Current trends indicate a gradual rise in property values as more people seek to move to smaller towns for a quieter lifestyle. The mix of historical homes and new constructions creates a diverse market that benefits buyers and sellers alike.
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.
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