Foreclosure Homes in Flomaton, AL

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4 View this home at College St Flomaton AL 36441
$121,635 EMV
College St
Flomaton, AL 36441
3 |
EST. RENT: $1,010
AUCTION: 05-29-2024
3 |
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Flomaton, AL Foreclosures

How much do homes sell for in Flomaton, AL?
The average home price is currently $160,645.
In Flomaton, AL, how many homes are available?
There are currently 1,119 active home listings available in Flomaton.
What’s the average rental cost in Flomaton, AL?
The average rental price in Flomaton is $917.
What is the most expensive home in Flomaton, Alabama?
The most expensive home sold in Flomaton had a price of $7,490,981.
What is currently the cheapest priced home in Flomaton, AL?
The cheapest home for sale in Flomaton is priced at $14,606.

Home Value Estimator For Flomaton, AL

There are currently 1,119 real estate properties in Flomaton, AL, with a median automated valuation model (AVM) price of $129,186.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Flomaton, 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 Flomaton, AL, is $160,645.00, with the most expensive house in Flomaton, AL, topping out at $7,490,981.00 and the cheapest home in Flomaton, AL, clocking in at $14,606.00. In other words, there’s something for every potential homebuyer or savvy investor in Flomaton, AL!

Rent Prices In Flomaton, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Flomaton, AL, is on a rollercoaster ride. The average rent price in Flomaton, AL, is $917.00. Indeed, when looking to rent in Flomaton, AL, you can expect to pay as little as $540.00 or as much as $1,690.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Flomaton, 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 Flomaton, AL In 2024

Flomaton is located in Escambia, Alabama, with an estimated municipal population of 1,393 residents. All of the best foreclosed homes for sale in Flomaton are located in the following zip code areas on 36441. The estimated population per square kilometer (.62 miles) in Flomaton is 105.

Cost Of Living In Flomaton, AL

So, about how much do homes cost in Flomaton? The most recent median value of resident-owned homes in Flomaton is 84,585. An estimated 63.2 percent of households in Flomaton own their homes, with an average family size of 3.43. The median household income in Flomaton is 24,662, with8.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Flomaton, the median commute time of resident workers (in minutes) is 22.6. And last, but certainly not least, are you looking for homes to rent in Flomaton? If so, the average rent price paid by renters in Flomaton is 651, according to recent statistics.

Diversity And Demographics In Flomaton, 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 Flomaton, 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 Flomaton is 38.2, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Flomaton is 38.6, with an average family size of 3.43.

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

White 58.8%
Black / African American 33.8%
Asian 0%
American Indian / Alaskan Native 5.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 1.1%

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

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

Under 10 11%
Aged 10-19 19.5%
20s 12.5%
30s 9.9%
40s 10%
50s 13.4%
60s 13.8%
70s 6.4%
80+ 3.5%

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

Pros And Cons Of Living In Flomaton, Alabama

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

  • 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 Flomaton.

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

Flomaton, AL Foreclosures


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