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Preforeclosure Homes in Luverne, AL

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S-bolling-ave-Luverne-AL-36049
Preforeclosure

| 2,150 Sq. Ft.

5 Quail-tower-rd-Luverne-AL-36049
Preforeclosure
$124,865 EMV

| 1 Bath | 2,405 Sq. Ft.

Displaying 1 - 2 of 2
 

Home Value Estimator For Luverne, AL

There are currently 1,054 real estate properties in Luverne, AL, with a median automated valuation model (AVM) price of $114,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luverne, 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 Luverne, AL, is $158,950.00, with the most expensive house in Luverne, AL, topping out at $16,139,700.00 and the cheapest home in Luverne, AL, clocking in at $37,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Luverne, AL!


Rent Prices In Luverne, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luverne, AL, is on a rollercoaster ride. The average rent price in Luverne, AL, is $974.00. Indeed, when looking to rent in Luverne, AL, you can expect to pay as little as $450.00 or as much as $1,960.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Luverne, 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 Luverne, AL

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


Top Reasons To Live In Luverne, AL In 2022

Luverne is located in Crenshaw, Alabama, with an estimated municipal population of 2,744 residents. All of the best foreclosed homes for sale in Luverne are located in the following zip code areas on Foreclosure.com: 36049. The estimated population per square kilometer (.62 miles) in Luverne is 67.


Cost Of Living In Luverne, AL

So, about how much do homes cost in Luverne? The most recent median value of resident-owned homes in Luverne is 89,844. An estimated 55.2 percent of households in Luverne own their homes, with an average family size of 3.36. The median household income in Luverne is 45,671, with13.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Luverne, the median commute time of resident workers (in minutes) is 24.5. And last, but certainly not least, are you looking for homes to rent in Luverne? If so, the average rent price paid by renters in Luverne is 530, according to recent statistics.


Diversity And Demographics In Luverne, 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 Luverne, 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 Luverne is 41.8, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Luverne is 39.1, with an average family size of 3.36.

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

White 55.1%
Black / African American 34.2%
Asian 5.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.3%
Other 0.1%

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

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

Under 10 13.6%
Aged 10-19 7.8%
20s 12.7%
30s 13%
40s 9.6%
50s 11.1%
60s 14.7%
70s 11.1%
80+ 6.3%

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


Pros And Cons Of Living In Luverne, Alabama

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

  • 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 Luverne.


Reasons To Move To Luverne, Alabama, In 2022

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

Luverne, AL Preforeclosure Homes


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