Addison, AL Foreclosures
How much do homes sell for in Addison, AL?
The average home price is currently $189,762.
In Addison, AL, how many homes are available?
There are currently 6 active home listings available in Addison.
What’s the average rental cost in Addison, AL?
The average rental price in Addison is $1,048.
What is the most expensive home in Addison?
The most expensive home sold in Addison had a price of $1,542,035.
What is currently the cheapest priced home in Addison, AL?
The cheapest home for sale in Addison is priced at $10,793.
Living in Addison, AL
Addison, AL, is a charming small town offering a peaceful lifestyle amidst beautiful natural surroundings. Known for its friendly community, it provides residents with access to outdoor recreation, local amenities, and a rich history. Its proximity to larger cities enhances its appeal as a serene yet convenient place to live.
Current Market Conditions in Addison, AL
The real estate market in Addison is currently characterized by a steady demand for homes, driven by individuals seeking a peaceful retreat in a rural setting. Listings in the area tend to attract buyers looking for larger lots, outdoor spaces, and affordable prices. Recent trends indicate an increase in interest among families and retirees, leading to a competitive market as buyers recognize the value of rural living.
Over the past year, Addison has seen moderate appreciation in home values, reflecting broader trends in rural areas as urban dwellers seek to relocate for more spacious homes. This shift is further supported by the area’s amenities and outdoor lifestyle, making it an appealing choice for many.
Home Value Estimator For Addison, AL
There are currently 776 real estate properties
in Addison, AL,
with a median automated valuation model (AVM) price
of $152,029.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Addison, 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 Addison, AL,
is $189,762.00, with the most expensive house
in Addison, AL, topping out
at $1,542,035.00 and the cheapest home
in Addison, AL,
clocking in at $10,793.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Addison, AL!
Rent Prices
In Addison, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Addison, AL, is on
a rollercoaster ride. The
average rent price in Addison, AL,
is $1,048.00. Indeed, when looking to rent in
Addison, AL, you can expect to pay as little
as $520.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,010.00. The good news is that finding
an affordable and desirable property to rent in Addison, 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
