Foreclosures in Elba, AL

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Home Value Estimator For Elba, AL

There are currently 2,485 real estate properties in Elba, AL, with a median automated valuation model (AVM) price of $111,352.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elba, 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 Elba, AL, is $156,094.00, with the most expensive house in Elba, AL, topping out at $4,407,700.00 and the cheapest home in Elba, AL, clocking in at $11,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Elba, AL!

Rent Prices In Elba, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elba, AL, is on a rollercoaster ride. The average rent price in Elba, AL, is $976.00. Indeed, when looking to rent in Elba, AL, you can expect to pay as little as $420.00 or as much as $2,180.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Elba, 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 Elba, AL In 2024

Elba is located in Coffee, Alabama, with an estimated municipal population of 3,811 residents. All of the best foreclosed homes for sale in Elba are located in the following zip code areas on 36323. The estimated population per square kilometer (.62 miles) in Elba is 95.

Cost Of Living In Elba, AL

So, about how much do homes cost in Elba? The most recent median value of resident-owned homes in Elba is 77,481. An estimated 55.4 percent of households in Elba own their homes, with an average family size of 3.08. The median household income in Elba is 37,134, with8.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elba, the median commute time of resident workers (in minutes) is 22.4. And last, but certainly not least, are you looking for homes to rent in Elba? If so, the average rent price paid by renters in Elba is 627, according to recent statistics.

Diversity And Demographics In Elba, 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 Elba, 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 Elba is 42.2, split between 51.9 percent male versus 48.1 female. The percentage of residents who report being married in Elba is 37.9, with an average family size of 3.08.

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

White 58%
Black / African American 36.6%
Asian 1.8%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.9%
Other 0.5%

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

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

Under 10 11.2%
Aged 10-19 7.8%
20s 13.4%
30s 16.4%
40s 10.4%
50s 15.6%
60s 11.4%
70s 8.5%
80+ 5.4%

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

Pros And Cons Of Living In Elba, Alabama

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

  • 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 Elba.

Reasons To Move To Elba, 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 Elba can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elba, meanwhile, can field multiple offers from more qualified buyers.

Elba, AL Foreclosures


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