Cheap Homes in Tuscumbia, AL

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Home Value Estimator For Tuscumbia, AL

There are currently 6,469 real estate properties in Tuscumbia, AL, with a median automated valuation model (AVM) price of $160,745.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tuscumbia, 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 Tuscumbia, AL, is $196,184.00, with the most expensive house in Tuscumbia, AL, topping out at $4,625,673.00 and the cheapest home in Tuscumbia, AL, clocking in at $12,988.00. In other words, there’s something for every potential homebuyer or savvy investor in Tuscumbia, AL!

Rent Prices In Tuscumbia, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tuscumbia, AL, is on a rollercoaster ride. The average rent price in Tuscumbia, AL, is $1,016.00. Indeed, when looking to rent in Tuscumbia, AL, you can expect to pay as little as $400.00 or as much as $1,820.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Tuscumbia, 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.

Top Reasons To Live In Tuscumbia, AL In 2024

Tuscumbia is located in Colbert, Alabama, with an estimated municipal population of 8,461 residents. All of the best foreclosed homes for sale in Tuscumbia are located in the following zip code areas on 35674. The estimated population per square kilometer (.62 miles) in Tuscumbia is 354.

Cost Of Living In Tuscumbia, AL

So, about how much do homes cost in Tuscumbia? The most recent median value of resident-owned homes in Tuscumbia is 113,168. An estimated 58 percent of households in Tuscumbia own their homes, with an average family size of 3.08. The median household income in Tuscumbia is 44,088, with12.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tuscumbia, the median commute time of resident workers (in minutes) is 19.3. And last, but certainly not least, are you looking for homes to rent in Tuscumbia? If so, the average rent price paid by renters in Tuscumbia is 694, according to recent statistics.

Diversity And Demographics In Tuscumbia, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Tuscumbia, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Tuscumbia is 37, split between 46.9 percent male versus 53.1 female. The percentage of residents who report being married in Tuscumbia is 47.1, with an average family size of 3.08.

The percentage of residents who report their race in Tuscumbia is as follows:

White 62.8%
Black / African American 29.8%
Asian 0.5%
American Indian / Alaskan Native 1.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.9%
Other 2.8%

Looking for family-friendly neighborhoods in and/or near Tuscumbia? Or maybe you are searching for 55+ active adult communities in and/or near Tuscumbia?

The percentage of residents who report their age in Tuscumbia is as follows:

Under 10 14.1%
Aged 10-19 11.9%
20s 15.5%
30s 13.9%
40s 11.3%
50s 9.9%
60s 12.3%
70s 6.6%
80+ 4.3%

Best Schools In Tuscumbia, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Tuscumbia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tuscumbia.

Pros And Cons Of Living In Tuscumbia, Alabama

How do you know that living in -- or moving to -- Tuscumbia is right where you need to be? Perhaps you grew up in Tuscumbia or already live nearby; therefore, the decision to buy a home in Tuscumbia is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tuscumbia for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Tuscumbia:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tuscumbia.

Reasons To Move To Tuscumbia, Alabama, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tuscumbia can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tuscumbia, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Tuscumbia, AL

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