Tuscaloosa, AL Foreclosures
How much do homes sell for in Tuscaloosa, AL?
The average home price is currently $301,796.
In Tuscaloosa, AL, how many homes are available?
There are currently 433 active home listings available in Tuscaloosa.
What’s the average rental cost in Tuscaloosa, AL?
The average rental price in Tuscaloosa is $1,176.
What is the most expensive home in Tuscaloosa?
The most expensive home sold in Tuscaloosa had a price of $73,743,488.
What is currently the cheapest priced home in Tuscaloosa, AL?
The cheapest home for sale in Tuscaloosa is priced at $10,037.
Living in Tuscaloosa, AL
Tuscaloosa is a vibrant city located in west-central Alabama, known for its rich history, diverse culture, and the beautiful Black Warrior River. It is home to the University of Alabama, which adds a lively student atmosphere and numerous cultural activities. The city's charming downtown features a variety of shops, restaurants, and parks, making it an appealing place to live for families and young professionals alike.
Current Market Conditions in Tuscaloosa, AL
Currently, Tuscaloosa's real estate market is exhibiting a steady trend of demand, driven by the growth of the university and expanding job opportunities in the area. Housing inventory has been moderately tight, leading to competitive bidding on desirable properties. The recent influx of homebuyers, particularly those seeking homes near the university, has reinforced the significant interest in single-family homes and rental properties.
Investors are increasingly drawn to Tuscaloosa due to its stable rental market fueled by the university's student population. As a result, many investors are seeking multi-family properties that can cater to the high demand for housing from students. Overall, the market remains favorable for sellers, with home prices on the rise.
Home Value Estimator For Tuscaloosa, AL
There are currently 31,257 real estate properties
in Tuscaloosa, AL,
with a median automated valuation model (AVM) price
of $231,240.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tuscaloosa, AL, 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 Tuscaloosa, AL,
is $301,796.00, with the most expensive house
in Tuscaloosa, AL, topping out
at $73,743,488.00 and the cheapest home
in Tuscaloosa, AL,
clocking in at $10,037.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tuscaloosa, AL!
Rent Prices
In Tuscaloosa, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tuscaloosa, AL, is on
a rollercoaster ride. The
average rent price in Tuscaloosa, AL,
is $1,176.00. Indeed, when looking to rent in
Tuscaloosa, AL, you can expect to pay as little
as $490.00 or as much
as $3,500.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Tuscaloosa, AL
-- 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.
Learn more on Foreclosure homes
