Living in Alba, MO
Alba is a quaint small town in Missouri, known for its friendly community and peaceful surroundings. With a population of just over 300 residents, it offers a tight-knit atmosphere perfect for families and retirees. The area is characterized by beautiful landscapes, local parks, and easy access to nearby towns.
Current Market Conditions in Alba, MO
Alba's real estate market is characterized by affordability and a steady growth trajectory. As more people seek refuge from urban living, the interest in properties within Alba has risen, leading to a gradual increase in home prices. The demand remains strong during the spring and summer seasons, which traditionally see a spike in buyers looking for homes in quieter locales.
Several homes in Alba have experienced renovations and new constructions, enhancing the town's appeal to young families and retirees alike. The market remains competitive, yet offers reasonable options for buyers looking to settle in a peaceful environment.
Home Value Estimator For Alba, MO
There are currently 148 real estate properties
in Alba, MO,
with a median automated valuation model (AVM) price
of $134,635.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Alba, MO, 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 Alba, MO,
is $140,583.00, with the most expensive house
in Alba, MO, topping out
at $588,553.00 and the cheapest home
in Alba, MO,
clocking in at $43,102.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Alba, MO!
Rent Prices
In Alba, MO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Alba, MO, is on
a rollercoaster ride. The
average rent price in Alba, MO,
is $855.00. Indeed, when looking to rent in
Alba, MO, you can expect to pay as little
as $680.00 or as much
as $1,410.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Alba, MO
-- 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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