Mount Hope, AL Foreclosures
How much do homes sell for in Mount Hope, AL?
The average home price is currently $286,606.
What’s the average rental cost in Mount Hope, AL?
The average rental price in Mount Hope is $988.
What is the most expensive home in Mount Hope?
The most expensive home sold in Mount Hope had a price of $1,526,363.
What is currently the cheapest priced home in Mount Hope, AL?
The cheapest home for sale in Mount Hope is priced at $14,784.
Living in Mount Hope, AL
Mount Hope is a quaint and friendly unincorporated community in Alabama renowned for its small-town charm and welcoming atmosphere. It offers a tight-knit community where residents enjoy a peaceful lifestyle surrounded by beautiful natural landscapes. Close proximity to local amenities and outdoor activities makes it an attractive place for families and retirees alike.
Current Market Conditions in Mount Hope, AL
Currently, the real estate market in Mount Hope is stable, with steady demand for homes. The area attracts buyers looking for affordable property options away from urban centers, making it a growing market for both first-time buyers and investors. Homes in this community tend to sell quickly due to their desirable characteristics and the town's charm.
In recent months, Mount Hope has seen a slight increase in home prices, reflecting a positive trend in its housing market. Many families and retirees are drawn to the area for its peaceful environment and access to outdoor activities, leading to greater competition among buyers.
Home Value Estimator For Mount Hope, AL
There are currently 287 real estate properties
in Mount Hope, AL,
with a median automated valuation model (AVM) price
of $228,300.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mount Hope, 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 Mount Hope, AL,
is $286,606.00, with the most expensive house
in Mount Hope, AL, topping out
at $1,526,363.00 and the cheapest home
in Mount Hope, AL,
clocking in at $14,784.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mount Hope, AL!
Rent Prices
In Mount Hope, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mount Hope, AL, is on
a rollercoaster ride. The
average rent price in Mount Hope, AL,
is $988.00. Indeed, when looking to rent in
Mount Hope, AL, you can expect to pay as little
as $520.00 or as much
as $1,820.00,
with the average rent median estimated to
be $910.00. The good news is that finding
an affordable and desirable property to rent in Mount Hope, 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
