Bankruptcy Homes in Munford, AL

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Home Value Estimator For Munford, AL

There are currently 1,285 real estate properties in Munford, AL, with a median automated valuation model (AVM) price of $136,865.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Munford, 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 Munford, AL, is $175,578.00, with the most expensive house in Munford, AL, topping out at $4,953,000.00 and the cheapest home in Munford, AL, clocking in at $14,560.00. In other words, there’s something for every potential homebuyer or savvy investor in Munford, AL!

Rent Prices In Munford, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Munford, AL, is on a rollercoaster ride. The average rent price in Munford, AL, is $1,228.00. Indeed, when looking to rent in Munford, AL, you can expect to pay as little as $500.00 or as much as $2,560.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Munford, 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 Munford, AL In 2024

Munford is located in Talladega, Alabama, with an estimated municipal population of 1,348 residents. All of the best foreclosed homes for sale in Munford are located in the following zip code areas on 36268. The estimated population per square kilometer (.62 miles) in Munford is 203.

Cost Of Living In Munford, AL

So, about how much do homes cost in Munford? The most recent median value of resident-owned homes in Munford is 80,695. An estimated 69.4 percent of households in Munford own their homes, with an average family size of 2.94. The median household income in Munford is 31,905, with10.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Munford, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Munford? If so, the average rent price paid by renters in Munford is 565, according to recent statistics.

Diversity And Demographics In Munford, 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 Munford, 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 Munford is 34.3, split between 42.1 percent male versus 57.9 female. The percentage of residents who report being married in Munford is 37.4, with an average family size of 2.94.

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

White 74.3%
Black / African American 20.3%
Asian 0.9%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.4%
Multi-racial 3.5%
Other 0.5%

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

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

Under 10 14.6%
Aged 10-19 9.8%
20s 22.8%
30s 9%
40s 11.9%
50s 13.1%
60s 10.5%
70s 5.1%
80+ 3.2%

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

Pros And Cons Of Living In Munford, Alabama

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

  • 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 Munford.

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

Munford, AL Bankruptcy Homes


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