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Preforeclosure Homes in Luverne, AL 36049

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Luverne, AL Foreclosures

How much do homes sell for in Luverne, AL?
The average home price is currently $206,818.
In Luverne, AL, how many homes are available?
There are currently 3 active home listings available in Luverne.
What’s the average rental cost in Luverne, AL?
The average rental price in Luverne is $930.
What is the most expensive home in Luverne?
The most expensive home sold in Luverne had a price of $5,314,536.
What is currently the cheapest priced home in Luverne, AL?
The cheapest home for sale in Luverne is priced at $10,489.

Living in Luverne, AL

Luverne, AL is a quaint small town with a strong community spirit and a range of amenities. Popular for its parks and family-friendly activities, this town provides a tranquil atmosphere while still being conveniently located near larger urban centers. Residents enjoy the benefits of rural living combined with access to essential services and recreational offerings.

Current Market Conditions in Luverne, AL

The real estate market in Luverne has shown stable growth over the past year, driven by affordable housing options and a steady influx of new residents looking to escape urban environments for a slower pace of life.

Homes in the Luverne area are generally competitively priced, making it a favorable market for first-time buyers, while also attracting investors due to the rental yield potential in this growing town.

Home Value Estimator For Luverne, AL

There are currently 1,556 real estate properties in Luverne, AL, with a median automated valuation model (AVM) price of $142,873.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luverne, 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 Luverne, AL, is $206,818.00, with the most expensive house in Luverne, AL, topping out at $5,314,536.00 and the cheapest home in Luverne, AL, clocking in at $10,489.00. In other words, there’s something for every potential homebuyer or savvy investor in Luverne, AL!

Rent Prices In Luverne, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luverne, AL, is on a rollercoaster ride. The average rent price in Luverne, AL, is $930.00. Indeed, when looking to rent in Luverne, AL, you can expect to pay as little as $450.00 or as much as $1,960.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Luverne, 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.

Luverne, AL 36049 Preforeclosure Homes


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