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There are currently 48 real estate properties in Mountain Brook, AL, with a median automated valuation model (AVM) price of $770,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mountain Brook, 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 Mountain Brook, AL, is $853,802.00, with the most expensive house in Mountain Brook, AL, topping out at $1,934,600.00 and the cheapest home in Mountain Brook, AL, clocking in at $121,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Mountain Brook, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mountain Brook, AL, is on a rollercoaster ride. The average rent price in Mountain Brook, AL, is $2,484.00. Indeed, when looking to rent in Mountain Brook, AL, you can expect to pay as little as $1,130.00 or as much as $3,440.00, with the average rent median estimated to be $2,560.00. The good news is that finding an affordable and desirable property to rent in Mountain Brook, 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 Mountain Brook, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mountain Brook, AL and much more. Save thousands at closing with home foreclosure listings in Mountain Brook, AL — up to 75% off market value!
Mountain Brook is located in Jefferson, Alabama, with an estimated municipal population of 20,297 residents. All of the best foreclosed homes for sale in Mountain Brook are located in the following zip code areas on Foreclosure.com: 35213 35243 35223 35253. The estimated population per square kilometer (.62 miles) in Mountain Brook is 611.
So, about how much do homes cost in Mountain Brook? The most recent median value of resident-owned homes in Mountain Brook is 625,579. An estimated 86 percent of households in Mountain Brook own their homes, with an average family size of 3.19. The median household income in Mountain Brook is 152,355, with69.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mountain Brook, the median commute time of resident workers (in minutes) is 17.8. And last, but certainly not least, are you looking for homes to rent in Mountain Brook? If so, the average rent price paid by renters in Mountain Brook is 1,561, 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 Mountain Brook, 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 Mountain Brook is 40.4, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Mountain Brook is 69.3, with an average family size of 3.19.
The percentage of residents who report their race in Mountain Brook is as follows:
|Black / African American||1.1%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Mountain Brook? Or maybe you are searching for 55+ active adult communities in and/or near Mountain Brook?
The percentage of residents who report their age in Mountain Brook 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 Mountain Brook with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mountain Brook.
How do you know that living in -- or moving to -- Mountain Brook is right where you need to be? Perhaps you grew up in Mountain Brook or already live nearby; therefore, the decision to buy a home in Mountain Brook is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mountain Brook 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 Mountain Brook:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mountain Brook.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mountain Brook can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mountain Brook, meanwhile, can field multiple offers from more qualified buyers.