Reasons to Move to Shelby County, AL
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Shelby County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Shelby County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Shelby County,
Our extensive database in Shelby County includes 2 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Shelby County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Shelby County, AL
How do you know that living in—or moving to— Shelby County is the right choice for you? Perhaps you grew up in Shelby County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Shelby County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Shelby County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Shelby County, .
Pelham, AL Foreclosures
How much do homes sell for in Pelham, AL?
The average home price is currently $396,837.
In Pelham, AL, how many homes are available?
There are currently 2 active home listings available in Pelham.
What’s the average rental cost in Pelham, AL?
The average rental price in Pelham is $1,440.
What is the most expensive home in Pelham?
The most expensive home sold in Pelham had a price of $30,242,234.
What is currently the cheapest priced home in Pelham, AL?
The cheapest home for sale in Pelham is priced at $10,790.
Living in Pelham, AL
Pelham is a vibrant city located in Shelby County, Alabama, known for its friendly community and excellent quality of life. It boasts a mix of suburban comfort with easy access to urban amenities, making it an ideal place to live for families and professionals alike. The city features various parks, shops, and restaurants, contributing to its dynamic atmosphere.
Current Market Conditions in Pelham, AL
The real estate market in Pelham has shown steady growth over the past year, with increasing home values and a competitive buyer's market. Homes in the area are selling swiftly, reflecting the city's rising popularity among families and young professionals seeking suburban living while remaining close to Birmingham.
The demand for homes in Pelham remains high due to its favorable location and amenities. Listings are turning over quickly, and with the influx of new businesses and developments, market watchers expect continued appreciation of property values.
Home Value Estimator For Pelham, AL
There are currently 8,904 real estate properties
in Pelham, AL,
with a median automated valuation model (AVM) price
of $320,790.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Pelham, 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 Pelham, AL,
is $396,837.00, with the most expensive house
in Pelham, AL, topping out
at $30,242,234.00 and the cheapest home
in Pelham, AL,
clocking in at $10,790.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Pelham, AL!
Rent Prices
In Pelham, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Pelham, AL, is on
a rollercoaster ride. The
average rent price in Pelham, AL,
is $1,440.00. Indeed, when looking to rent in
Pelham, AL, you can expect to pay as little
as $610.00 or as much
as $3,740.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Pelham, 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
