Short Sale Listings in Opelika, AL

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Home Value Estimator For Opelika, AL

There are currently 10,105 real estate properties in Opelika, AL, with a median automated valuation model (AVM) price of $233,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Opelika, 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 Opelika, AL, is $267,073.00, with the most expensive house in Opelika, AL, topping out at $8,780,373.00 and the cheapest home in Opelika, AL, clocking in at $10,660.00. In other words, there’s something for every potential homebuyer or savvy investor in Opelika, AL!

Rent Prices In Opelika, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Opelika, AL, is on a rollercoaster ride. The average rent price in Opelika, AL, is $1,144.00. Indeed, when looking to rent in Opelika, AL, you can expect to pay as little as $400.00 or as much as $3,380.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Opelika, 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 Opelika, AL In 2024

Opelika is located in Lee, Alabama, with an estimated municipal population of 30,908 residents. All of the best foreclosed homes for sale in Opelika are located in the following zip code areas on 36804 36801 36803. The estimated population per square kilometer (.62 miles) in Opelika is 202.

Cost Of Living In Opelika, AL

So, about how much do homes cost in Opelika? The most recent median value of resident-owned homes in Opelika is 146,798. An estimated 64.9 percent of households in Opelika own their homes, with an average family size of 3.3. The median household income in Opelika is 48,459, with17.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Opelika, the median commute time of resident workers (in minutes) is 19.6. And last, but certainly not least, are you looking for homes to rent in Opelika? If so, the average rent price paid by renters in Opelika is 753, according to recent statistics.

Diversity And Demographics In Opelika, 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 Opelika, 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 Opelika is 37.7, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Opelika is 44.4, with an average family size of 3.3.

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

White 52.3%
Black / African American 42%
Asian 3.2%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 2.1%
Other 0.2%

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

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

Under 10 11.9%
Aged 10-19 12.2%
20s 14.9%
30s 13.1%
40s 14.7%
50s 13%
60s 10.3%
70s 6.7%
80+ 3.1%

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

Pros And Cons Of Living In Opelika, Alabama

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

  • 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 Opelika.

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

Opelika, AL Short Sale Listings


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