Living in Silas, AL
Silas, AL is a warm and welcoming small town in Marengo County that offers a peaceful lifestyle surrounded by nature. It features essential amenities and strong community bonds, making it an attractive place for families and those seeking tranquility.
Current Market Conditions in Silas, AL
The real estate market in Silas, AL, has shown steady growth in recent years, with a rise in demand for homes due to the town's appealing lifestyle. Many buyers are attracted to the area for its affordability compared to urban regions, leading to increased competition among investors.
Property values have been rising gradually, indicating a strengthening market. Investors are likely to find opportunities in both rental and resale properties, particularly as more people seek space and tranquility away from crowded urban centers.
Home Value Estimator For Silas, AL
There are currently 273 real estate properties
in Silas, AL,
with a median automated valuation model (AVM) price
of $116,039.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Silas, 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 Silas, AL,
is $138,124.00, with the most expensive house
in Silas, AL, topping out
at $694,052.00 and the cheapest home
in Silas, AL,
clocking in at $31,493.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Silas, AL!
Rent Prices
In Silas, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Silas, AL, is on
a rollercoaster ride. The
average rent price in Silas, AL,
is $763.00. Indeed, when looking to rent in
Silas, AL, you can expect to pay as little
as $620.00 or as much
as $910.00,
with the average rent median estimated to
be $760.00. The good news is that finding
an affordable and desirable property to rent in Silas, 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.
Learn more on Foreclosure homes
