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Rent To Own Homes in Steele, AL

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Steele, AL Foreclosures

How much do homes sell for in Steele, AL?
The average home price is currently $213,923.
In Steele, AL, how many homes are available?
There are currently 9 active home listings available in Steele.
What’s the average rental cost in Steele, AL?
The average rental price in Steele is $1,156.
What is the most expensive home in Steele?
The most expensive home sold in Steele had a price of $1,634,200.
What is currently the cheapest priced home in Steele, AL?
The cheapest home for sale in Steele is priced at $11,266.

Living in Steele, AL

Steele is a charming town in Alabama that provides a tranquil environment with a close-knit community. With rich natural landscapes and access to outdoor activities, it’s a perfect place for individuals or families looking for a calm lifestyle. The local amenities and schools provide essential services that contribute to a fulfilling day-to-day life.

Current Market Conditions in Steele, AL

The real estate market in Steele, AL, remains stable with a mix of affordable homes and those priced higher for newer constructions. There is a growing interest from homebuyers looking for bigger spaces at reasonable prices, which is causing a healthy degree of competition in some price segments.

In recent months, home prices have been slightly increasing, indicating a gradual appreciation in property values. This trend is primarily driven by an influx of buyers drawn to the area’s rural charm and affordability compared to larger urban centers.

Home Value Estimator For Steele, AL

There are currently 709 real estate properties in Steele, AL, with a median automated valuation model (AVM) price of $174,026.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Steele, 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 Steele, AL, is $213,923.00, with the most expensive house in Steele, AL, topping out at $1,634,200.00 and the cheapest home in Steele, AL, clocking in at $11,266.00. In other words, there’s something for every potential homebuyer or savvy investor in Steele, AL!

Rent Prices In Steele, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Steele, AL, is on a rollercoaster ride. The average rent price in Steele, AL, is $1,156.00. Indeed, when looking to rent in Steele, AL, you can expect to pay as little as $550.00 or as much as $2,340.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Steele, 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.

Steele, AL Rent To Own Homes

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