There are currently 5,238 real estate properties in Leeds, AL, with a median automated valuation model (AVM) price of $207,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Leeds, 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 Leeds, AL, is $223,098.00, with the most expensive house in Leeds, AL, topping out at $3,465,400.00 and the cheapest home in Leeds, AL, clocking in at $19,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Leeds, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Leeds, AL, is on a rollercoaster ride. The average rent price in Leeds, AL, is $1,220.00. Indeed, when looking to rent in Leeds, AL, you can expect to pay as little as $500.00 or as much as $3,120.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Leeds, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Leeds, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Leeds, AL and much more. Save thousands at closing with home foreclosure listings in Leeds, AL — up to 75% off market value!
Leeds is located in Jefferson, Alabama, with an estimated municipal population of 12,040 residents. All of the best foreclosed homes for sale in Leeds are located in the following zip code areas on Foreclosure.com: 35094 35173. The estimated population per square kilometer (.62 miles) in Leeds is 206.
So, about how much do homes cost in Leeds? The most recent median value of resident-owned homes in Leeds is 159,480. An estimated 80 percent of households in Leeds own their homes, with an average family size of 3.14. The median household income in Leeds is 60,863, with27.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Leeds, the median commute time of resident workers (in minutes) is 25.1. And last, but certainly not least, are you looking for homes to rent in Leeds? If so, the average rent price paid by renters in Leeds is 877, according to recent statistics.
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 Leeds, 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 Leeds is 36.9, split between 52.5 percent male versus 47.5 female. The percentage of residents who report being married in Leeds is 54.9, with an average family size of 3.14.
The percentage of residents who report their race in Leeds is as follows:
|Black / African American||18.5%|
|American Indian / Alaskan Native||0.7%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Leeds? Or maybe you are searching for 55+ active adult communities in and/or near Leeds?
The percentage of residents who report their age in Leeds is as follows:
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 Leeds with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Leeds.
How do you know that living in -- or moving to -- Leeds is right where you need to be? Perhaps you grew up in Leeds or already live nearby; therefore, the decision to buy a home in Leeds is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Leeds 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 Leeds:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Leeds.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Leeds can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Leeds, meanwhile, can field multiple offers from more qualified buyers.