Commercial Foreclosure in Chatom, AL

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Durbin Ave
Chatom, AL 36518

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Home Value Estimator For Chatom, AL

There are currently 85 real estate properties in Chatom, AL, with a median automated valuation model (AVM) price of $212,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chatom, 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 Chatom, AL, is $237,627.00, with the most expensive house in Chatom, AL, topping out at $1,081,000.00 and the cheapest home in Chatom, AL, clocking in at $75,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Chatom, AL!

Rent Prices In Chatom, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chatom, AL, is on a rollercoaster ride. The average rent price in Chatom, AL, is $1,273.00. Indeed, when looking to rent in Chatom, AL, you can expect to pay as little as $740.00 or as much as $1,940.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Chatom, 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.

Foreclosure Homes in Chatom, AL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Chatom, AL area at Get information on foreclosure homes for rent, how to buy foreclosures in Chatom, AL and much more. Save thousands at closing with home foreclosure listings in Chatom, AL — up to 75% off market value!

Top Reasons To Live In Chatom, AL In 2021

Chatom is located in Washington, Alabama, with an estimated municipal population of 1,182 residents. All of the best foreclosed homes for sale in Chatom are located in the following zip code areas on 36518. The estimated population per square kilometer (.62 miles) in Chatom is 42.

Diversity And Demographics In Chatom, 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 Chatom, 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 Chatom is 35.7, split between 59.3 percent male versus 40.7 female. The percentage of residents who report being married in Chatom is 40.2, with an average family size of 3.33.

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

White 65.7%
Black / African American 26.8%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 7.5%
Other 0%

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

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

Under 10 10.7%
Aged 10-19 16.9%
20s 15.4%
30s 11.9%
40s 18.1%
50s 9.1%
60s 10.8%
70s 2.8%
80+ 4.5%

Best Schools In Chatom, 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 Chatom with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chatom.

Pros And Cons Of Living In Chatom, Alabama

How do you know that living in -- or moving to -- Chatom is right where you need to be? Perhaps you grew up in Chatom or already live nearby; therefore, the decision to buy a home in Chatom is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chatom 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 Chatom:

  • 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 Chatom.

Reasons To Move To Chatom, Alabama, In 2021

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


Listing types in Chatom, AL

These money-making opportunities can deliver huge savings on your next purchase.

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