Verbena, AL Foreclosures
How much do homes sell for in Verbena, AL?
The average home price is currently $270,641.
In Verbena, AL, how many homes are available?
There are currently 3 active home listings available in Verbena.
What’s the average rental cost in Verbena, AL?
The average rental price in Verbena is $1,134.
What is the most expensive home in Verbena?
The most expensive home sold in Verbena had a price of $1,760,880.
What is currently the cheapest priced home in Verbena, AL?
The cheapest home for sale in Verbena is priced at $7,072.
Living in Verbena, AL
Verbena, Alabama, is a quaint town known for its friendly community, rich history, and beautiful natural surroundings. Residents enjoy a laid-back lifestyle with access to outdoor activities and vineyards. With strong educational institutions and local amenities, Verbena is an inviting place for families and individuals seeking tranquility.
Current Market Conditions in Verbena, AL
Currently, Verbena's real estate market is seeing a gradual increase in home values, reflecting a positive trend in demand for properties in the area. The affordability of homes and serene environment are attracting buyers, especially young families and retirees. Many homes are priced competitively, making it an appealing market for first-time homebuyers.
As more people seek out small-town living with close proximity to urban amenities, Verbena is witnessing a rise in interest from out-of-state buyers looking to relocate for a quieter lifestyle. This trend is expected to continue, bolstering home prices and property values in the coming years.
Home Value Estimator For Verbena, AL
There are currently 845 real estate properties
in Verbena, AL,
with a median automated valuation model (AVM) price
of $218,141.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Verbena, 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 Verbena, AL,
is $270,641.00, with the most expensive house
in Verbena, AL, topping out
at $1,760,880.00 and the cheapest home
in Verbena, AL,
clocking in at $7,072.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Verbena, AL!
Rent Prices
In Verbena, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Verbena, AL, is on
a rollercoaster ride. The
average rent price in Verbena, AL,
is $1,134.00. Indeed, when looking to rent in
Verbena, AL, you can expect to pay as little
as $550.00 or as much
as $2,530.00,
with the average rent median estimated to
be $1,080.00. The good news is that finding
an affordable and desirable property to rent in Verbena, 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
