Elba, AL Foreclosures
How much do homes sell for in Elba, AL?
The average home price is currently $164,445.
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 $1,648,500.
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, Alabama is a small, welcoming town known for its strong community ties and peaceful living. With a variety of amenities, recreational opportunities, and a focus on education, it's an ideal spot for families and retirees. The rich history and beautiful surroundings only add to Elba's appeal.
Current Market Conditions in Elba, AL
The real estate market in Elba, AL, has shown steady growth over the past year, with moderate increases in home prices. The demand for homes in the area remains consistent, supported by the town's appealing lifestyle and local amenities. First-time homebuyers and retirees are particularly attracted to the available listings.
Currently, the market conditions indicate that buyers are encouraged to act quickly when they find a property they like, as homes often do not stay on the market long. The inventory is modest, which means competitive bidding for desirable homes is common. Incentives for new home constructions are also being introduced, contributing to market activity.
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 $121,516.00. 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 $164,445.00, with the most expensive house
in Elba, AL, topping out
at $1,648,500.00 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.
Learn more on Foreclosure homes
