Foreclosure Homes in Lanett, AL

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View this home at 26th St Sw Lanett AL 36863
26th St Sw
Lanett, AL 36863
AUCTION: 08-01-2024
View this home at S 7th St Lanett AL 36863
$98,119 EMV
S 7th St
Lanett, AL 36863
EST. RENT: $1,092
AUCTION: 07-25-2024
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Lanett, AL Foreclosures

How much do homes sell for in Lanett, AL?
The average home price is currently $141,353.
In Lanett, AL, how many homes are available?
There are currently 4,421 active home listings available in Lanett.
What’s the average rental cost in Lanett, AL?
The average rental price in Lanett is $899.
What is the most expensive home in Lanett?
The most expensive home sold in Lanett had a price of $3,204,600.
What is currently the cheapest priced home in Lanett, AL?
The cheapest home for sale in Lanett is priced at $6,454.

Home Value Estimator For Lanett, AL

There are currently 4,421 real estate properties in Lanett, AL, with a median automated valuation model (AVM) price of $104,526.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lanett, 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 Lanett, AL, is $141,353.00, with the most expensive house in Lanett, AL, topping out at $3,204,600.00 and the cheapest home in Lanett, AL, clocking in at $6,454.00. In other words, there’s something for every potential homebuyer or savvy investor in Lanett, AL!

Rent Prices In Lanett, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lanett, AL, is on a rollercoaster ride. The average rent price in Lanett, AL, is $899.00. Indeed, when looking to rent in Lanett, AL, you can expect to pay as little as $450.00 or as much as $2,720.00, with the average rent median estimated to be $910.00. The good news is that finding an affordable and desirable property to rent in Lanett, 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 Lanett, AL In 2024

Lanett is located in Chambers, Alabama, with an estimated municipal population of 6,151 residents. All of the best foreclosed homes for sale in Lanett are located in the following zip code areas on 36863. The estimated population per square kilometer (.62 miles) in Lanett is 380.

Cost Of Living In Lanett, AL

So, about how much do homes cost in Lanett? The most recent median value of resident-owned homes in Lanett is 113,267. An estimated 61.7 percent of households in Lanett own their homes, with an average family size of 3.12. The median household income in Lanett is 34,363, with7.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lanett, the median commute time of resident workers (in minutes) is 21.8. And last, but certainly not least, are you looking for homes to rent in Lanett? If so, the average rent price paid by renters in Lanett is 726, according to recent statistics.

Diversity And Demographics In Lanett, 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 Lanett, 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 Lanett is 44, split between 46.3 percent male versus 53.7 female. The percentage of residents who report being married in Lanett is 30.9, with an average family size of 3.12.

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

White 38%
Black / African American 59.8%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0%

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

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

Under 10 12.6%
Aged 10-19 10.2%
20s 11.2%
30s 10.1%
40s 13.4%
50s 13.9%
60s 14.3%
70s 9.3%
80+ 5.1%

Best Schools In Lanett, 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 Lanett with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lanett.

Pros And Cons Of Living In Lanett, Alabama

How do you know that living in -- or moving to -- Lanett is right where you need to be? Perhaps you grew up in Lanett or already live nearby; therefore, the decision to buy a home in Lanett is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lanett 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 Lanett:

  • 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 Lanett.

Reasons To Move To Lanett, 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 Lanett can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lanett, meanwhile, can field multiple offers from more qualified buyers.

Lanett, AL Foreclosures

Market Trend for Lanett, AL

Total Listings Available: 185

Market Values:

Home Prices from $6,454 to $3,204,600

Average Sales Price: $141,353

Rental Values:

Rental from $450 to $2,720

Average Rent Value: $899 / month

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