Living in Peterman, AL
Peterman, Alabama, is a small, serene community located in Monroe County. Nestled in the heart of Alabama, this rural area offers a peaceful lifestyle with a close-knit community atmosphere. Residents enjoy the beauty of nature and a slower pace of life, making it an ideal choice for families and retirees alike.
Current Market Conditions in Peterman, AL
The real estate market in Peterman, AL, remains stable, with a good mix of affordable homes and some higher-end properties available for sale. The demand for housing has seen modest growth as more people seek out quieter, rural living amidst the hustle and bustle of city life.
There has been an uptick in home buyers looking for larger plots of land with residences, as remote work has allowed individuals to seek homes in more recreational and peaceful areas. The trend appears to be shifting towards more interest in properties that offer land for gardening or hobbies.
Home Value Estimator For Peterman, AL
There are currently 255 real estate properties
in Peterman, AL,
with a median automated valuation model (AVM) price
of $106,754.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Peterman, 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 Peterman, AL,
is $137,357.00, with the most expensive house
in Peterman, AL, topping out
at $458,389.00 and the cheapest home
in Peterman, AL,
clocking in at $25,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Peterman, AL!
Rent Prices
In Peterman, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Peterman, AL, is on
a rollercoaster ride. The
average rent price in Peterman, AL,
is $844.00. Indeed, when looking to rent in
Peterman, AL, you can expect to pay as little
as $520.00 or as much
as $1,630.00,
with the average rent median estimated to
be $780.00. The good news is that finding
an affordable and desirable property to rent in Peterman, 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.
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