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Preforeclosure Homes in Wise, VA 24293

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Living in Wise, VA

Wise, Virginia, offers a perfect blend of southern charm and natural beauty. With its friendly community, outdoor recreational options, and access to quality education, it's an ideal location for families and individuals seeking a serene lifestyle. The local amenities ensure that residents have everything they need within a short distance.

Current Market Conditions in Wise, VA

The real estate market in Wise, VA, is currently showing signs of steady growth, with a balanced inventory of homes available for sale. This presents an attractive opportunity for investors to capitalize on properties before the market heats up further. Homes in this area have been selling at a consistent pace, appealing to both first-time buyers and those looking for vacation homes.

Additionally, as more people seek affordable housing options outside of urban areas, Wise is gaining attention for its reasonable property prices coupled with a high quality of life. This trend indicates a positive outlook for real estate investments in the region.

Home Value Estimator For Wise, VA

There are currently 2,925 real estate properties in Wise, VA, with a median automated valuation model (AVM) price of $159,215.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wise, VA, 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 Wise, VA, is $189,482.00, with the most expensive house in Wise, VA, topping out at $8,285,120.00 and the cheapest home in Wise, VA, clocking in at $8,321.00. In other words, there’s something for every potential homebuyer or savvy investor in Wise, VA!

Rent Prices In Wise, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wise, VA, is on a rollercoaster ride. The average rent price in Wise, VA, is $1,001.00. Indeed, when looking to rent in Wise, VA, you can expect to pay as little as $470.00 or as much as $2,660.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Wise, VA -- 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.

Wise, VA 24293 Preforeclosure Homes


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