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Rent To Own Homes in Phenix City, AL

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Living in Phenix City, AL

Phenix City, AL is a thriving community with a blend of rich history and modern growth. It offers a variety of outdoor activities, a vibrant local economy, and a commitment to education. Residents benefit from its proximity to larger urban centers while enjoying the charm of small-town living.

Current Market Conditions in Phenix City, AL

The real estate market in Phenix City has seen steady growth, with home prices appreciating as demand increases. The area continues to attract new residents due to its affordable housing options compared to neighboring Columbus, GA, while still providing quality living standards.

Investment opportunities are favorable, as the rental market remains strong, with a growing population driving the need for housing. Both single-family homes and multi-family units are in demand, underscoring the city's potential for high rental yields.

Home Value Estimator For Phenix City, AL

There are currently 17,775 real estate properties in Phenix City, AL, with a median automated valuation model (AVM) price of $188,970.00. 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 $199,430.00, with the most expensive house in Phenix City, AL, topping out at $2,412,420.00 and the cheapest home in Phenix City, AL, clocking in at $10,071.00. 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 $1,032.00. 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 $1,000.00. 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.

Phenix City, AL Rent To Own Homes

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