Arab, AL Foreclosures
How much do homes sell for in Arab, AL?
The average home price is currently $252,318.
In Arab, AL, how many homes are available?
There are currently 6 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 $3,459,800.
What is currently the cheapest priced home in Arab, AL?
The cheapest home for sale in Arab is priced at $11,519.
Living in Arab, AL
Arab, Alabama is a charming small town that offers a peaceful living environment while maintaining access to essential amenities and recreational opportunities. Family-friendly and community-oriented, Arab is perfect for those seeking a slower pace of life with beautiful natural surroundings.
Current Market Conditions in Arab, AL
The current real estate market in Arab, AL, is showing strong signs of growth, driven by increased demand for housing in the area. With a modest population and a tight-knit community, many buyers are looking for homes that offer both comfort and accessibility to nature.
In recent months, the market has been competitive, with homes selling quickly and often above asking price due to limited inventory. However, in comparison to larger urban centers, prices remain reasonably affordable, making it an attractive option for both first-time buyers and real estate investors.
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 $220,075.00. 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 $252,318.00, with the most expensive house
in Arab, AL, topping out
at $3,459,800.00 and the cheapest home
in Arab, AL,
clocking in at $11,519.00. 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.
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