There are currently 1,525 real estate properties in NORTON, VA, with a median automated valuation model (AVM) price of $98,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in NORTON, 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 NORTON, VA, is $114,109.00, with the most expensive house in NORTON, VA, topping out at $573,800.00 and the cheapest home in NORTON, VA, clocking in at $21,600.00. In other words, there’s something for every potential homebuyer or savvy investor in NORTON, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in NORTON, VA, is on a rollercoaster ride. The average rent price in NORTON, VA, is $898.00. Indeed, when looking to rent in NORTON, VA, you can expect to pay as little as $470.00 or as much as $2,000.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in NORTON, 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.
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