There are currently 550 real estate properties in Locust Fork, AL, with a median automated valuation model (AVM) price of $164,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Locust Fork, 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 Locust Fork, AL, is $176,763.00, with the most expensive house in Locust Fork, AL, topping out at $412,900.00 and the cheapest home in Locust Fork, AL, clocking in at $49,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Locust Fork, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Locust Fork, AL, is on a rollercoaster ride. The average rent price in Locust Fork, AL, is $1,192.00. Indeed, when looking to rent in Locust Fork, AL, you can expect to pay as little as $610.00 or as much as $1,900.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Locust Fork, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Locust Fork, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Locust Fork, AL and much more. Save thousands at closing with home foreclosure listings in Locust Fork, AL — up to 75% off market value!
Locust Fork is located in Blount, Alabama, with an estimated municipal population of 1,197 residents. All of the best foreclosed homes for sale in Locust Fork are located in the following zip code areas on Foreclosure.com: 35097. The estimated population per square kilometer (.62 miles) in Locust Fork is 119.
So, about how much do homes cost in Locust Fork? The most recent median value of resident-owned homes in Locust Fork is 104,598. An estimated 85.7 percent of households in Locust Fork own their homes, with an average family size of 3.62. The median household income in Locust Fork is 57,344, with18.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Locust Fork, the median commute time of resident workers (in minutes) is 36.5. And last, but certainly not least, are you looking for homes to rent in Locust Fork? If so, the average rent price paid by renters in Locust Fork is 890, according to recent statistics.
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 Locust Fork, 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 Locust Fork is 43.6, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Locust Fork is 59.8, with an average family size of 3.62.
The percentage of residents who report their race in Locust Fork is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Locust Fork? Or maybe you are searching for 55+ active adult communities in and/or near Locust Fork?
The percentage of residents who report their age in Locust Fork is as follows:
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 Locust Fork with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Locust Fork.
How do you know that living in -- or moving to -- Locust Fork is right where you need to be? Perhaps you grew up in Locust Fork or already live nearby; therefore, the decision to buy a home in Locust Fork is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Locust Fork 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 Locust Fork:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Locust Fork.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Locust Fork can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Locust Fork, meanwhile, can field multiple offers from more qualified buyers.
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