Loachapoka, AL Foreclosures
How much do homes sell for in Loachapoka, AL?
The average home price is currently $281,179.
In Loachapoka, AL, how many homes are available?
There are currently 922 active home listings available in Loachapoka.
What’s the average rental cost in Loachapoka, AL?
The average rental price in Loachapoka is $1,068.
What is the most expensive home in Loachapoka?
The most expensive home sold in Loachapoka had a price of $831,960.
What is currently the cheapest priced home in Loachapoka, AL?
The cheapest home for sale in Loachapoka is priced at $38,241.
Living in Loachapoka, AL
Loachapoka, Alabama, is a peaceful town known for its friendly community and beautiful landscapes. With nearby parks and recreational activities, residents enjoy plenty of outdoor leisure. The close proximity to Auburn enhances the living experience, granting access to urban amenities while retaining a serene rural feel.
Current Market Conditions in Loachapoka, AL
The current real estate market in Loachapoka is defined by modest housing prices and a steady demand for homes. The community appeals to first-time buyers and those looking for a peaceful environment away from bustling urban centers. Despite its small size, Loachapoka has seen a gradual increase in home values due to its connection to Auburn University, benefiting from the university's influence on the local market.
With the ongoing economic recovery and an increasing number of professionals seeking affordable housing options in quieter towns, Loachapoka is seeing a surge in interest from homebuyers. The market remains competitive with limited inventory, leading to rising prices, yet there are still opportunities for buyers at various price points.
Home Value Estimator For Loachapoka, AL
There are currently 18 real estate properties
in Loachapoka, AL,
with a median automated valuation model (AVM) price
of $178,040.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Loachapoka, 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 Loachapoka, AL,
is $281,179.00, with the most expensive house
in Loachapoka, AL, topping out
at $831,960.00 and the cheapest home
in Loachapoka, AL,
clocking in at $38,241.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Loachapoka, AL!
Rent Prices
In Loachapoka, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Loachapoka, AL, is on
a rollercoaster ride. The
average rent price in Loachapoka, AL,
is $1,068.00. Indeed, when looking to rent in
Loachapoka, AL, you can expect to pay as little
as $720.00 or as much
as $1,770.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Loachapoka, 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
