Cheap Homes in Phenix City, AL

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Home Value Estimator For Phenix City, AL

There are currently 17,428 real estate properties in Phenix City, AL, with a median automated valuation model (AVM) price of $182,842.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phenix City, 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 Phenix City, AL, is $193,665.00, with the most expensive house in Phenix City, AL, topping out at $2,601,800.00 and the cheapest home in Phenix City, AL, clocking in at $10,009.00. In other words, there’s something for every potential homebuyer or savvy investor in Phenix City, AL!

Rent Prices In Phenix City, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phenix City, AL, is on a rollercoaster ride. The average rent price in Phenix City, AL, is $1,036.00. Indeed, when looking to rent in Phenix City, AL, you can expect to pay as little as $470.00 or as much as $3,010.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Phenix City, 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.

Top Reasons To Live In Phenix City, AL In 2024

Phenix City is located in Russell, Alabama, with an estimated municipal population of 36,487 residents. All of the best foreclosed homes for sale in Phenix City are located in the following zip code areas on 36869 36867 36868. The estimated population per square kilometer (.62 miles) in Phenix City is 503.

Cost Of Living In Phenix City, AL

So, about how much do homes cost in Phenix City? The most recent median value of resident-owned homes in Phenix City is 127,055. An estimated 51 percent of households in Phenix City own their homes, with an average family size of 3.1. The median household income in Phenix City is 42,089, with14.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Phenix City, the median commute time of resident workers (in minutes) is 22.2. And last, but certainly not least, are you looking for homes to rent in Phenix City? If so, the average rent price paid by renters in Phenix City is 833, according to recent statistics.

Diversity And Demographics In Phenix City, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Phenix City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Phenix City is 34.2, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Phenix City is 42.7, with an average family size of 3.1.

The percentage of residents who report their race in Phenix City is as follows:

White 48.1%
Black / African American 43.9%
Asian 1%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.5%
Other 3.2%

Looking for family-friendly neighborhoods in and/or near Phenix City? Or maybe you are searching for 55+ active adult communities in and/or near Phenix City?

The percentage of residents who report their age in Phenix City is as follows:

Under 10 15.5%
Aged 10-19 12.7%
20s 15.6%
30s 13.2%
40s 13.3%
50s 12.4%
60s 8.4%
70s 6.2%
80+ 2.8%

Best Schools In Phenix City, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Phenix City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Phenix City.

Pros And Cons Of Living In Phenix City, Alabama

How do you know that living in -- or moving to -- Phenix City is right where you need to be? Perhaps you grew up in Phenix City or already live nearby; therefore, the decision to buy a home in Phenix City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Phenix City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Phenix City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Phenix City.

Reasons To Move To Phenix City, Alabama, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Phenix City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Phenix City, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Phenix City, AL

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