Here are a few key points about how remote work is influencing rural home demand and resale:

– With remote work becoming more common, there has been a surge of interest in moving out of big cities and into rural areas. Many remote workers are drawn to rural areas for more affordable housing, more space, and a different lifestyle.

– This influx of buyers has led to increased competition and higher home prices in many popular rural real estate markets across the country. Small towns and rural communities near major metro areas or amenity hubs have seen some of the biggest jumps in demand.

– The supply of homes for sale in many rural areas has not kept up with elevated demand. This low inventory has further pushed up home values in desirable rural zip codes.

– While rural home prices have increased broadly, the most significant gains have been in the middle and upper ends of the market. More affluent remote workers have been a key driver in bidding up prices for higher-end properties.

– Resale demand has also increased, as aging in place Baby Boomers look to downsize and millennials enter peak homebuying age. Rural properties often stay on the market for shorter periods and can attract multiple offers above asking price.

– As demand rises faster than supply, some buyers are being priced out of the rural housing market, especially in more affordable price segments. This could make it harder for some lower-income service workers to remain in rural areas.

In summary, the growing remote work trend has significantly impacted rural real estate, creating a hotter sellers’ market, rising prices, and fierce competition in many scenic, small-town locations. It remains to be seen if supply will eventually catch up to this demand surge.