There are currently 1,500 real estate properties in PHELPS, NY, with a median automated valuation model (AVM) price of $141,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in PHELPS, NY, 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 PHELPS, NY, is $152,603.00, with the most expensive house in PHELPS, NY, topping out at $571,000.00 and the cheapest home in PHELPS, NY, clocking in at $42,100.00. In other words, there’s something for every potential homebuyer or savvy investor in PHELPS, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in PHELPS, NY, is on a rollercoaster ride. The average rent price in PHELPS, NY, is $1,247.00. Indeed, when looking to rent in PHELPS, NY, you can expect to pay as little as $810.00 or as much as $1,990.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in PHELPS, NY -- 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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