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Foreclosures in Monroeville, AL

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Living in Monroeville, AL

Monroeville, AL is a charming town with a rich literary history and a close-knit community. With ample amenities, beautiful parks, and a commitment to education, it offers a wonderful lifestyle. The town is also well-connected for transportation and communication, making it a desirable location for new residents and investors alike.

Current Market Conditions in Monroeville, AL

The real estate market in Monroeville is currently favorable for both buyers and investors. The housing prices remain relatively affordable compared to larger cities in Alabama, making it an attractive option for first-time homebuyers as well as seasoned investors. Recent trends show an increase in demand due to the area's charm, amenities, and cultural significance.

Additionally, the market exhibits a steady appreciation in property value as more people discover the benefits of living in a smaller, community-oriented town. Investors can expect a good return on their investment due to the area's increasing allure and growth potential.

Home Value Estimator For Monroeville, AL

There are currently 2,871 real estate properties in Monroeville, AL, with a median automated valuation model (AVM) price of $145,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monroeville, 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 Monroeville, AL, is $174,884.00, with the most expensive house in Monroeville, AL, topping out at $7,157,000.00 and the cheapest home in Monroeville, AL, clocking in at $13,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Monroeville, AL!

Rent Prices In Monroeville, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monroeville, AL, is on a rollercoaster ride. The average rent price in Monroeville, AL, is $901.00. Indeed, when looking to rent in Monroeville, AL, you can expect to pay as little as $430.00 or as much as $2,220.00, with the average rent median estimated to be $840.00. The good news is that finding an affordable and desirable property to rent in Monroeville, 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.

Monroeville, AL Foreclosures

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