Detroit, AL Foreclosures
How much do homes sell for in Detroit, AL?
The average home price is currently $157,540.
In Detroit, AL, how many homes are available?
There are currently 3 active home listings available in Detroit.
What’s the average rental cost in Detroit, AL?
The average rental price in Detroit is $946.
What is the most expensive home in Detroit?
The most expensive home sold in Detroit had a price of $891,490.
What is currently the cheapest priced home in Detroit, AL?
The cheapest home for sale in Detroit is priced at $13,736.
Living in Detroit, AL
Detroit, Alabama, is a small community that offers a quiet and serene lifestyle surrounded by nature. The area features a welcoming atmosphere with friendly residents and a close-knit community vibe. Detroit is an ideal location for those seeking both relaxation and recreational activities, with access to beautiful outdoor spaces.
Current Market Conditions in Detroit, AL
The real estate market in Detroit, AL has been witnessing steady growth, with an increase in demand for homes as people seek the calmness of rural living. The affordability of homes compared to larger urban areas makes it an attractive choice for first-time buyers and retirees alike. Recent trends show a gradual increase in property values as the community continues to develop and attract new residents.
In the past few months, properties in Detroit have been selling relatively quickly, with many listings receiving multiple offers due to limited inventory. This trend indicates a competitive market, encouraging potential buyers to act swiftly when they find a suitable property.
Home Value Estimator For Detroit, AL
There are currently 283 real estate properties
in Detroit, AL,
with a median automated valuation model (AVM) price
of $131,602.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Detroit, 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 Detroit, AL,
is $157,540.00, with the most expensive house
in Detroit, AL, topping out
at $891,490.00 and the cheapest home
in Detroit, AL,
clocking in at $13,736.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Detroit, AL!
Rent Prices
In Detroit, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Detroit, AL, is on
a rollercoaster ride. The
average rent price in Detroit, AL,
is $946.00. Indeed, when looking to rent in
Detroit, AL, you can expect to pay as little
as $520.00 or as much
as $1,920.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Detroit, 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
