Foreclosure Homes in Elkmont, AL

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8 View this home at Sweet Springs Rd Elkmont AL 35620
Sweet Springs Rd
Elkmont, AL 35620
AUCTION: 05-10-2024
View this home at Redus Hollow Rd Elkmont AL 35620
Redus Hollow Rd
Elkmont, AL 35620
AUCTION: 06-13-2024
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Elkmont, AL Foreclosures

How much do homes sell for in Elkmont, AL?
The average home price is currently $262,981.
In Elkmont, AL, how many homes are available?
There are currently 2,929 active home listings available in Elkmont.
What’s the average rental cost in Elkmont, AL?
The average rental price in Elkmont is $0.
What is the most expensive home in Elkmont, Alabama?
The most expensive home sold in Elkmont had a price of $3,399,000.
What is currently the cheapest priced home in Elkmont, AL?
The cheapest home for sale in Elkmont is priced at $14,216.

Home Value Estimator For Elkmont, AL

There are currently 2,929 real estate properties in Elkmont, AL, with a median automated valuation model (AVM) price of $221,748.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elkmont, 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 Elkmont, AL, is $262,981.00, with the most expensive house in Elkmont, AL, topping out at $3,399,000.00 and the cheapest home in Elkmont, AL, clocking in at $14,216.00. In other words, there’s something for every potential homebuyer or savvy investor in Elkmont, AL!

Rent Prices In Elkmont, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elkmont, AL, is on a rollercoaster ride. The average rent price in Elkmont, AL, is $0.00. Indeed, when looking to rent in Elkmont, AL, you can expect to pay as little as $0.00 or as much as $0.00, with the average rent median estimated to be $0.00. The good news is that finding an affordable and desirable property to rent in Elkmont, 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 Elkmont, AL In 2024

Elkmont is located in Limestone, Alabama, with an estimated municipal population of 510 residents. All of the best foreclosed homes for sale in Elkmont are located in the following zip code areas on 35620. The estimated population per square kilometer (.62 miles) in Elkmont is 119.

Cost Of Living In Elkmont, AL

So, about how much do homes cost in Elkmont? The most recent median value of resident-owned homes in Elkmont is 132,020. An estimated 91.8 percent of households in Elkmont own their homes, with an average family size of 3.78. The median household income in Elkmont is 56,944, with23.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elkmont, the median commute time of resident workers (in minutes) is 28.4. And last, but certainly not least, are you looking for homes to rent in Elkmont? If so, the average rent price paid by renters in Elkmont is 375, according to recent statistics.

Diversity And Demographics In Elkmont, 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 Elkmont, 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 Elkmont is 32.4, split between 54.6 percent male versus 45.4 female. The percentage of residents who report being married in Elkmont is 61.3, with an average family size of 3.78.

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

White 93.5%
Black / African American 2.2%
Asian 0%
American Indian / Alaskan Native 1.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3%
Other 0%

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

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

Under 10 16.2%
Aged 10-19 16.7%
20s 11.7%
30s 11.8%
40s 10%
50s 11.3%
60s 9.3%
70s 10.7%
80+ 2.4%

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

Pros And Cons Of Living In Elkmont, Alabama

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

  • 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 Elkmont.

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

Elkmont, AL Foreclosures


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