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Rent To Own Homes in Lafayette, AL

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Lafayette, AL Foreclosures

How much do homes sell for in Lafayette, AL?
The average home price is currently $191,047.
In Lafayette, AL, how many homes are available?
There are currently 3 active home listings available in Lafayette.
What’s the average rental cost in Lafayette, AL?
The average rental price in Lafayette is $906.
What is the most expensive home in Lafayette?
The most expensive home sold in Lafayette had a price of $2,074,076.
What is currently the cheapest priced home in Lafayette, AL?
The cheapest home for sale in Lafayette is priced at $9,045.

Living in Lafayette, AL

Lafayette, Alabama is a quaint town known for its southern hospitality and vibrant community spirit. Residents enjoy a range of outdoor activities in its beautiful parks and nearby lakes. The city boasts a charming downtown area with local businesses, making it an ideal place for families and individuals looking for a close-knit community.

Current Market Conditions in Lafayette, AL

The real estate market in Lafayette is currently experiencing moderate growth, with an increase in both home sales and property values. The area has become increasingly attractive to families and retirees seeking affordable housing in a friendly community. Recent trends indicate that buyers are drawn to the spacious homes and large lots that characterize the region.

The demand for single-family homes has remained strong, and inventory levels are beginning to decrease, leading to a more competitive market for new buyers.

Home Value Estimator For Lafayette, AL

There are currently 1,790 real estate properties in Lafayette, AL, with a median automated valuation model (AVM) price of $137,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lafayette, 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 Lafayette, AL, is $191,047.00, with the most expensive house in Lafayette, AL, topping out at $2,074,076.00 and the cheapest home in Lafayette, AL, clocking in at $9,045.00. In other words, there’s something for every potential homebuyer or savvy investor in Lafayette, AL!

Rent Prices In Lafayette, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lafayette, AL, is on a rollercoaster ride. The average rent price in Lafayette, AL, is $906.00. Indeed, when looking to rent in Lafayette, AL, you can expect to pay as little as $510.00 or as much as $2,240.00, with the average rent median estimated to be $830.00. The good news is that finding an affordable and desirable property to rent in Lafayette, 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.

Lafayette, AL Rent To Own Homes

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