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Bankruptcy Homes in Elba, AL

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Elba, AL Foreclosures

How much do homes sell for in Elba, AL?
The average home price is currently $165,437.
In Elba, AL, how many homes are available?
There are currently 58 active home listings available in Elba.
What’s the average rental cost in Elba, AL?
The average rental price in Elba is $965.
What is the most expensive home in Elba?
The most expensive home sold in Elba had a price of $1,631,600.
What is currently the cheapest priced home in Elba, AL?
The cheapest home for sale in Elba is priced at $11,500.

Living in Elba, AL

Elba, situated in Coffee County, Alabama, offers a serene and close-knit community feel. Residents enjoy access to local amenities, parks, and a welcoming atmosphere. Perfect for those seeking a relaxed lifestyle, Elba is ideal for families and retirees alike.

Current Market Conditions in Elba, AL

As of late 2023, Elba's real estate market is experiencing a gradual increase in demand, particularly for single-family homes. Buyers are attracted to Elba's affordable housing options and the quality of life it presents, leading to a modest appreciation in home values over the past year.

The current market is characterized by a low inventory of homes for sale, which can lead to competitive bidding situations. First-time homebuyers and investors recognize the potential for growth, making the market vibrant and active.

Home Value Estimator For Elba, AL

There are currently 2,559 real estate properties in Elba, AL, with a median automated valuation model (AVM) price of $122,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elba, 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 Elba, AL, is $165,437.00, with the most expensive house in Elba, AL, topping out at $1,631,600.00 and the cheapest home in Elba, AL, clocking in at $11,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Elba, AL!

Rent Prices In Elba, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elba, AL, is on a rollercoaster ride. The average rent price in Elba, AL, is $965.00. Indeed, when looking to rent in Elba, AL, you can expect to pay as little as $420.00 or as much as $2,180.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Elba, 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.

Elba, AL Bankruptcy Homes

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