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Foreclosure Homes in Banks, AL 36005

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Banks, AL Foreclosures

How much do homes sell for in Banks, AL?
The average home price is currently $220,379.
In Banks, AL, how many homes are available?
There are currently 8 active home listings available in Banks.
What’s the average rental cost in Banks, AL?
The average rental price in Banks is $975.
What is the most expensive home in Banks?
The most expensive home sold in Banks had a price of $1,769,090.
What is currently the cheapest priced home in Banks, AL?
The cheapest home for sale in Banks is priced at $18,002.

Living in Banks, AL

Banks, Alabama is a quaint town with a rich history and a strong sense of community. Known for its affordable living, it offers residents serene surroundings and access to outdoor activities, making it perfect for those seeking a peaceful lifestyle.

Current Market Conditions in Banks, AL

The real estate market in Banks has remained stable with a slight increase in demand for homes due to the town's attractive lifestyle and affordability. Buyers are drawn to the area for its family-friendly atmosphere and local charm, leading to a healthy competition among potential buyers.

Home Value Estimator For Banks, AL

There are currently 407 real estate properties in Banks, AL, with a median automated valuation model (AVM) price of $168,557.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Banks, 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 Banks, AL, is $220,379.00, with the most expensive house in Banks, AL, topping out at $1,769,090.00 and the cheapest home in Banks, AL, clocking in at $18,002.00. In other words, there’s something for every potential homebuyer or savvy investor in Banks, AL!

Rent Prices In Banks, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Banks, AL, is on a rollercoaster ride. The average rent price in Banks, AL, is $975.00. Indeed, when looking to rent in Banks, AL, you can expect to pay as little as $520.00 or as much as $2,080.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Banks, 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.

Banks, AL 36005 Foreclosures

Market Trend for Banks, AL

Total Listings Available: 8

Market Values:

Home Prices from $18,002 to $1,769,090

Average Sales Price: $220,379

Rental Values:

Rental from $520 to $2,080

Average Rent Value: $975 / month

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