Roanoke, AL Foreclosures
How much do homes sell for in Roanoke, AL?
The average home price is currently $170,572.
In Roanoke, AL, how many homes are available?
There are currently 3 active home listings available in Roanoke.
What’s the average rental cost in Roanoke, AL?
The average rental price in Roanoke is $964.
What is the most expensive home in Roanoke?
The most expensive home sold in Roanoke had a price of $4,422,000.
What is currently the cheapest priced home in Roanoke, AL?
The cheapest home for sale in Roanoke is priced at $13,949.
Living in Roanoke, AL
Roanoke, Alabama is a small town nestled in the rolling hills of East Alabama, known for its friendly community and rich history. The town offers a peaceful lifestyle with a close-knit atmosphere while providing a variety of amenities, parks, and local shops. With its scenic landscapes and historical downtown area, Roanoke provides an inviting environment for families and individuals alike.
Current Market Conditions in Roanoke, AL
The real estate market in Roanoke, AL, has shown signs of steady growth over the past year, with an increase in demand for homes as buyers seek a quieter, rural lifestyle. The community's charm, combined with affordable housing options, has made it an attractive choice for families and retirees alike.
In recent months, the market has started to favor sellers, with properties often receiving multiple offers, which has led to an uptick in home prices. However, the overall affordability of the market remains high compared to larger urban areas, making it a competitive environment for potential buyers.
Home Value Estimator For Roanoke, AL
There are currently 3,057 real estate properties
in Roanoke, AL,
with a median automated valuation model (AVM) price
of $136,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Roanoke, 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 Roanoke, AL,
is $170,572.00, with the most expensive house
in Roanoke, AL, topping out
at $4,422,000.00 and the cheapest home
in Roanoke, AL,
clocking in at $13,949.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Roanoke, AL!
Rent Prices
In Roanoke, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Roanoke, AL, is on
a rollercoaster ride. The
average rent price in Roanoke, AL,
is $964.00. Indeed, when looking to rent in
Roanoke, AL, you can expect to pay as little
as $480.00 or as much
as $2,080.00,
with the average rent median estimated to
be $910.00. The good news is that finding
an affordable and desirable property to rent in Roanoke, 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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