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Preforeclosure Homes in Warwick, RI

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Living in Warwick, RI

Warwick is a lovely coastal city in Rhode Island that offers a combination of beachside living and suburban comforts. It features excellent schools, a variety of parks, and plenty of recreational activities. With easy access to major transportation routes, Warwick provides a desirable location for families and professionals.

Current Market Conditions in Warwick, RI

The current real estate market in Warwick is experiencing steady growth, driven by an influx of buyers seeking homes in a suburban setting. The housing demand remains robust, resulting in increased property values and a competitive environment for home buyers. As of now, the market is favoring sellers, but there are still opportunities for buyers to find properties that meet their needs.

Investments in infrastructure and community development programs have positively impacted the market, enhancing overall neighborhood appeal. Buyers should be aware that homes in desirable school districts or near the waterfront are likely to sell quickly and above asking price.

Home Value Estimator For Warwick, RI

There are currently 30,434 real estate properties in Warwick, RI, with a median automated valuation model (AVM) price of $412,222.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Warwick, RI, 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 Warwick, RI, is $494,946.00, with the most expensive house in Warwick, RI, topping out at $137,106,320.00 and the cheapest home in Warwick, RI, clocking in at $11,949.00. In other words, there’s something for every potential homebuyer or savvy investor in Warwick, RI!

Rent Prices In Warwick, RI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Warwick, RI, is on a rollercoaster ride. The average rent price in Warwick, RI, is $1,589.00. Indeed, when looking to rent in Warwick, RI, you can expect to pay as little as $710.00 or as much as $4,160.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Warwick, RI -- 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.

Warwick, RI Preforeclosure Homes


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