Foreclosure Homes in Montevallo, AL

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View this home at Waterstone Dr Montevallo AL 35115
Waterstone Dr
Montevallo, AL 35115
AUCTION: 06-04-2024
View this home at Waterstone Drive Montevallo AL 35115
Waterstone Drive
Montevallo, AL 35115
AUCTION: 06-04-2024
View this home at County Road 773 Montevallo AL 35115
$249,009 EMV
County Road 773
Montevallo, AL 35115
EST. RENT: $1,020
AUCTION: 06-12-2024
View this home at Cummings Dr Montevallo AL 35115
Cummings Dr
Montevallo, AL 35115
AUCTION: 05-17-2024
3 View this home at Pilgrim Ln Montevallo AL 35115
$259,692 EMV
Pilgrim Ln
Montevallo, AL 35115
3 |
EST. RENT: $1,388
AUCTION: 05-17-2024
3 |
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Montevallo, AL Foreclosures

How much do homes sell for in Montevallo, AL?
The average home price is currently $249,541.
In Montevallo, AL, how many homes are available?
There are currently 3,001 active home listings available in Montevallo.
What’s the average rental cost in Montevallo, AL?
The average rental price in Montevallo is $1,102.
What is the most expensive home in Montevallo, Alabama?
The most expensive home sold in Montevallo had a price of $4,995,000.
What is currently the cheapest priced home in Montevallo, AL?
The cheapest home for sale in Montevallo is priced at $15,600.

Home Value Estimator For Montevallo, AL

There are currently 3,001 real estate properties in Montevallo, AL, with a median automated valuation model (AVM) price of $220,293.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Montevallo, 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 Montevallo, AL, is $249,541.00, with the most expensive house in Montevallo, AL, topping out at $4,995,000.00 and the cheapest home in Montevallo, AL, clocking in at $15,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Montevallo, AL!

Rent Prices In Montevallo, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Montevallo, AL, is on a rollercoaster ride. The average rent price in Montevallo, AL, is $1,102.00. Indeed, when looking to rent in Montevallo, AL, you can expect to pay as little as $510.00 or as much as $2,640.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Montevallo, 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 Montevallo, AL In 2024

Montevallo is located in Shelby, Alabama, with an estimated municipal population of 6,738 residents. All of the best foreclosed homes for sale in Montevallo are located in the following zip code areas on 35115. The estimated population per square kilometer (.62 miles) in Montevallo is 203.

Cost Of Living In Montevallo, AL

So, about how much do homes cost in Montevallo? The most recent median value of resident-owned homes in Montevallo is 161,654. An estimated 56.4 percent of households in Montevallo own their homes, with an average family size of 3.14. The median household income in Montevallo is 49,650, with14.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Montevallo, the median commute time of resident workers (in minutes) is 25.7. And last, but certainly not least, are you looking for homes to rent in Montevallo? If so, the average rent price paid by renters in Montevallo is 743, according to recent statistics.

Diversity And Demographics In Montevallo, 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 Montevallo, 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 Montevallo is 28.4, split between 45.3 percent male versus 54.7 female. The percentage of residents who report being married in Montevallo is 30.9, with an average family size of 3.14.

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

White 69%
Black / African American 24.4%
Asian 1.1%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 2.3%
Other 2.9%

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

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

Under 10 6.9%
Aged 10-19 18.7%
20s 25.8%
30s 8.9%
40s 13.4%
50s 9.7%
60s 7.9%
70s 4.9%
80+ 3.9%

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

Pros And Cons Of Living In Montevallo, Alabama

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

  • 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 Montevallo.

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

Montevallo, AL Foreclosures


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