Melvin, AL Foreclosures
How much do homes sell for in Melvin, AL?
The average home price is currently $101,712.
In Melvin, AL, how many homes are available?
There are currently 2 active home listings available in Melvin.
What’s the average rental cost in Melvin, AL?
The average rental price in Melvin is $0.
What is the most expensive home in Melvin?
The most expensive home sold in Melvin had a price of $200,298.
What is currently the cheapest priced home in Melvin, AL?
The cheapest home for sale in Melvin is priced at $32,655.
Living in Melvin, AL
Melvin, Alabama is a charming small town that epitomizes Southern culture and community. Nestled among picturesque landscapes, it offers a quiet and peaceful lifestyle while being close to essential amenities. Recreational activities abound, making it an ideal place for families and outdoor enthusiasts alike.
Current Market Conditions in Melvin, AL
The real estate market in Melvin is currently stable, with a good balance between supply and demand. Home prices remain modest, making it an attractive option for first-time buyers and those looking for affordable housing.
Over the past year, Melvin has seen a gradual increase in property values, indicating steady growth. This trend suggests that the area is becoming more desirable for potential buyers seeking a peaceful community.
Home Value Estimator For Melvin, AL
There are currently 14 real estate properties
in Melvin, AL,
with a median automated valuation model (AVM) price
of $69,393.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Melvin, 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 Melvin, AL,
is $101,712.00, with the most expensive house
in Melvin, AL, topping out
at $200,298.00 and the cheapest home
in Melvin, AL,
clocking in at $32,655.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Melvin, AL!
Rent Prices
In Melvin, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Melvin, AL, is on
a rollercoaster ride. The
average rent price in Melvin, AL,
is $0.00. Indeed, when looking to rent in
Melvin, AL, you can expect to pay as little
as $0.00 or as much
as $0.00,
with the average rent median estimated to
be $0.00. The good news is that finding
an affordable and desirable property to rent in Melvin, 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.
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