Elba, AL Foreclosures
How much do homes sell for in Elba, AL?
The average home price is currently $165,450.
In Elba, AL, how many homes are available?
There are currently 2 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 $1,997,499.
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, located in Coffee County, Alabama, is a charming small town known for its rich history and welcoming community atmosphere. Its picturesque settings offer residents a laid-back lifestyle with access to various outdoor activities. The town features a range of local shops, restaurants, and parks, making it an ideal choice for families and retirees alike.
Current Market Conditions in Elba, AL
The real estate market in Elba remains stable, with a balanced mix of single-family homes and rental properties. The average home price in the area has shown modest growth over the past few years, making it an appealing option for first-time homebuyers and investors. The town's affordability and community appeal contribute to its steady demand in the housing market, which continues to attract newcomers who appreciate its warm, welcoming environment.
In recent months, buyer interest in Elba has increased, particularly among families seeking affordable housing options in a community-focused setting. The town's economic indicators, including low unemployment rates and a diverse job market, suggest that Elba may continue to see an upward trend in home sales.
Home Value Estimator For Elba, AL
There are currently 2,560 real estate properties
in Elba, AL,
with a median automated valuation model (AVM) price
of $120,527.00. 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 $165,450.00, with the most expensive house
in Elba, AL, topping out
at $1,997,499.00 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 $870.00. 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.
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