There are currently 15,753 real estate properties in Paducah, KY, with a median automated valuation model (AVM) price of $166,958.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Paducah, KY, 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 Paducah, KY, is $194,022.00, with the most expensive house in Paducah, KY, topping out at $4,388,204.00 and the cheapest home in Paducah, KY, clocking in at $10,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Paducah, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Paducah, KY, is on a rollercoaster ride. The average rent price in Paducah, KY, is $992.00. Indeed, when looking to rent in Paducah, KY, you can expect to pay as little as $410.00 or as much as $1,860.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Paducah, KY -- 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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