There are currently 5 real estate properties in Malcolm, AL, with a median automated valuation model (AVM) price of $380,926.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Malcolm, 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 Malcolm, AL, is $387,214.00, with the most expensive house in Malcolm, AL, topping out at $677,284.00 and the cheapest home in Malcolm, AL, clocking in at $129,427.00. In other words, there’s something for every potential homebuyer or savvy investor in Malcolm, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Malcolm, AL, is on a rollercoaster ride. The average rent price in Malcolm, AL, is $1,142.00. Indeed, when looking to rent in Malcolm, AL, you can expect to pay as little as $790.00 or as much as $1,630.00, with the average rent median estimated to be $1,060.00. The good news is that finding an affordable and desirable property to rent in Malcolm, 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.
Malcolm is located in Washington, Alabama, with an estimated municipal population of 354 residents. All of the best foreclosed homes for sale in Malcolm are located in the following zip code areas on Foreclosure.com: 36553 36556. The estimated population per square kilometer (.62 miles) in Malcolm is 57.
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 Malcolm, 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 Malcolm is 17.3, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Malcolm is 0, with an average family size of 3.05.
The percentage of residents who report their race in Malcolm is as follows:
White | 50.8% |
Black / African American | 49.2% |
Asian | 0% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 0% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near Malcolm? Or maybe you are searching for 55+ active adult communities in and/or near Malcolm?
The percentage of residents who report their age in Malcolm is as follows:
Under 10 | 30.8% |
Aged 10-19 | 31.4% |
20s | 17.2% |
30s | 0% |
40s | 0% |
50s | 15% |
60s | 2.8% |
70s | 2.8% |
80+ | 0% |
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 Malcolm with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Malcolm.
How do you know that living in -- or moving to -- Malcolm is right where you need to be? Perhaps you grew up in Malcolm or already live nearby; therefore, the decision to buy a home in Malcolm is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Malcolm 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 Malcolm:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Malcolm.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Malcolm can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Malcolm, meanwhile, can field multiple offers from more qualified buyers.
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