Arab, AL Foreclosures
How much do homes sell for in Arab, AL?
The average home price is currently $253,433.
In Arab, AL, how many homes are available?
There are currently 42 active home listings available in Arab.
What’s the average rental cost in Arab, AL?
The average rental price in Arab is $1,190.
What is the most expensive home in Arab?
The most expensive home sold in Arab had a price of $3,500,700.
What is currently the cheapest priced home in Arab, AL?
The cheapest home for sale in Arab is priced at $11,430.
Living in Arab, AL
Arab, Alabama, is a charming small town nestled in the foothills of the Appalachian Mountains, offering a friendly community atmosphere and a slower pace of life. With a rich history and beautiful natural surroundings, it is ideal for those seeking a relaxing environment. The town features a mix of local shops, parks, and cultural sites, making it a great place for both families and retirees.
Current Market Conditions in Arab, AL
The real estate market in Arab, AL, has shown steady growth over the past few years, driven by the area's affordability and desirable location. Home prices remain relatively low compared to national averages, making it an attractive market for first-time buyers and investors looking for rental properties. The increasing interest in suburban living due to remote work trends has also contributed to heightened demand for homes in this charming town.
As of late 2023, there has been a noticeable trend of new developments and builds in the area, indicating confidence in the market's continued growth. Sellers are receiving favorable offers, and homes are frequently selling quicker than in previous years, showcasing the growing interest in Arab.
Interest rates have influenced buyer decisions slightly, resulting in some hesitation among buyers, but the overall demand remains strong due to Arab's appealing lifestyle and amenities.
Home Value Estimator For Arab, AL
There are currently 5,463 real estate properties
in Arab, AL,
with a median automated valuation model (AVM) price
of $219,313.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Arab, 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 Arab, AL,
is $253,433.00, with the most expensive house
in Arab, AL, topping out
at $3,500,700.00 and the cheapest home
in Arab, AL,
clocking in at $11,430.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Arab, AL!
Rent Prices
In Arab, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Arab, AL, is on
a rollercoaster ride. The
average rent price in Arab, AL,
is $1,190.00. Indeed, when looking to rent in
Arab, AL, you can expect to pay as little
as $560.00 or as much
as $2,300.00,
with the average rent median estimated to
be $1,150.00. The good news is that finding
an affordable and desirable property to rent in Arab, 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
