RURAL MARKET ANALYSIS
Distance alone is a poor measure of comparability in rural markets.
LaFayette is predominantly a lower-density rural market with acreage, custom homes, agricultural influence and properties served by private well and septic systems. Proximity alone is often a poor measure of comparability because site size, utility, topography and improvement quality can vary significantly.
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Acreage and rural residential properties frequently require a broader search area because truly similar sales may be infrequent.
Property characteristics we consider
- acreage and usable land
- well and septic
- topography and access
- barns and accessory buildings
- custom or non-standard construction
- rural road and location influences
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