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Foreclosure Homes in Rainbow City, AL

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Rainbow City, AL Foreclosures

How much do homes sell for in Rainbow City, AL?
The average home price is currently $273,728.
In Rainbow City, AL, how many homes are available?
There are currently 28 active home listings available in Rainbow City.
What’s the average rental cost in Rainbow City, AL?
The average rental price in Rainbow City is $1,235.
What is the most expensive home in Rainbow City?
The most expensive home sold in Rainbow City had a price of $4,728,911.
What is currently the cheapest priced home in Rainbow City, AL?
The cheapest home for sale in Rainbow City is priced at $10,126.

Living in Rainbow City, AL

Rainbow City, AL is a welcoming suburban community that offers a perfect blend of outdoor activities and friendly neighborhood vibes. It features great schools, a variety of local amenities, and a beautiful natural landscape that makes it a desirable place to live. Families and retirees alike can find their perfect home in this vibrant city.

Current Market Conditions in Rainbow City, AL

The real estate market in Rainbow City has been showing positive growth trends, with increased interest from buyers looking for affordable housing options. The market is characterized by a variety of single-family homes and an increase in new constructions catering to families.

Recent developments in commercial areas are attracting new businesses and providing further amenities to residents, which boosts the demand for housing in the area.

Home Value Estimator For Rainbow City, AL

There are currently 3,504 real estate properties in Rainbow City, AL, with a median automated valuation model (AVM) price of $233,947.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rainbow 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 Rainbow City, AL, is $273,728.00, with the most expensive house in Rainbow City, AL, topping out at $4,728,911.00 and the cheapest home in Rainbow City, AL, clocking in at $10,126.00. In other words, there’s something for every potential homebuyer or savvy investor in Rainbow City, AL!

Rent Prices In Rainbow City, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rainbow City, AL, is on a rollercoaster ride. The average rent price in Rainbow City, AL, is $1,235.00. Indeed, when looking to rent in Rainbow City, AL, you can expect to pay as little as $480.00 or as much as $2,400.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Rainbow 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.

Rainbow City, AL Foreclosures

Market Trend for Rainbow City, AL

Total Listings Available: 28

Market Values:

Home Prices from $10,126 to $4,728,911

Average Sales Price: $273,728

Rental Values:

Rental from $480 to $2,400

Average Rent Value: $1,235 / month

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