Cheap Homes in Fort Payne, AL

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Home Value Estimator For Fort Payne, AL

There are currently 6,188 real estate properties in Fort Payne, AL, with a median automated valuation model (AVM) price of $173,573.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fort Payne, 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 Fort Payne, AL, is $212,584.00, with the most expensive house in Fort Payne, AL, topping out at $6,129,214.00 and the cheapest home in Fort Payne, AL, clocking in at $12,350.00. In other words, there’s something for every potential homebuyer or savvy investor in Fort Payne, AL!

Rent Prices In Fort Payne, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fort Payne, AL, is on a rollercoaster ride. The average rent price in Fort Payne, AL, is $1,018.00. Indeed, when looking to rent in Fort Payne, AL, you can expect to pay as little as $520.00 or as much as $2,340.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Fort Payne, 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.

Top Reasons To Live In Fort Payne, AL In 2024

Fort Payne is located in DeKalb, Alabama, with an estimated municipal population of 14,074 residents. All of the best foreclosed homes for sale in Fort Payne are located in the following zip code areas on 35967 35968. The estimated population per square kilometer (.62 miles) in Fort Payne is 96.

Cost Of Living In Fort Payne, AL

So, about how much do homes cost in Fort Payne? The most recent median value of resident-owned homes in Fort Payne is 122,265. An estimated 66.9 percent of households in Fort Payne own their homes, with an average family size of 3.49. The median household income in Fort Payne is 40,273, with12.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fort Payne, the median commute time of resident workers (in minutes) is 18.9. And last, but certainly not least, are you looking for homes to rent in Fort Payne? If so, the average rent price paid by renters in Fort Payne is 595, according to recent statistics.

Diversity And Demographics In Fort Payne, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fort Payne, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fort Payne is 38.8, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Fort Payne is 48.1, with an average family size of 3.49.

The percentage of residents who report their race in Fort Payne is as follows:

White 80.3%
Black / African American 3.5%
Asian 0.1%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 2.9%
Multi-racial 3%
Other 9.7%

Looking for family-friendly neighborhoods in and/or near Fort Payne? Or maybe you are searching for 55+ active adult communities in and/or near Fort Payne?

The percentage of residents who report their age in Fort Payne is as follows:

Under 10 14.9%
Aged 10-19 13%
20s 12.2%
30s 12.7%
40s 12.8%
50s 14.3%
60s 10.7%
70s 6.9%
80+ 2.6%

Best Schools In Fort Payne, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fort Payne with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fort Payne.

Pros And Cons Of Living In Fort Payne, Alabama

How do you know that living in -- or moving to -- Fort Payne is right where you need to be? Perhaps you grew up in Fort Payne or already live nearby; therefore, the decision to buy a home in Fort Payne is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fort Payne for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fort Payne:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fort Payne.

Reasons To Move To Fort Payne, Alabama, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fort Payne can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fort Payne, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Fort Payne, AL

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