There are currently 4,765 real estate properties in Spanish Fort, AL, with a median automated valuation model (AVM) price of $374,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spanish Fort, 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 Spanish Fort, AL, is $417,571.00, with the most expensive house in Spanish Fort, AL, topping out at $5,349,600.00 and the cheapest home in Spanish Fort, AL, clocking in at $13,433.00. In other words, there’s something for every potential homebuyer or savvy investor in Spanish Fort, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spanish Fort, AL, is on a rollercoaster ride. The average rent price in Spanish Fort, AL, is $1,837.00. Indeed, when looking to rent in Spanish Fort, AL, you can expect to pay as little as $580.00 or as much as $3,280.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Spanish Fort, 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.
Spanish Fort is located in Baldwin, Alabama, with an estimated municipal population of 9,214 residents. All of the best foreclosed homes for sale in Spanish Fort are located in the following zip code areas on Foreclosure.com: 36507 36527 36578 36577. The estimated population per square kilometer (.62 miles) in Spanish Fort is 117.
So, about how much do homes cost in Spanish Fort? The most recent median value of resident-owned homes in Spanish Fort is 244,698. An estimated 61.3 percent of households in Spanish Fort own their homes, with an average family size of 3.48. The median household income in Spanish Fort is 83,913, with40.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spanish Fort, the median commute time of resident workers (in minutes) is 25. And last, but certainly not least, are you looking for homes to rent in Spanish Fort? If so, the average rent price paid by renters in Spanish Fort is 1,172, 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 Spanish Fort, 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 Spanish Fort is 37.9, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in Spanish Fort is 50.7, with an average family size of 3.48.
The percentage of residents who report their race in Spanish Fort is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Spanish Fort? Or maybe you are searching for 55+ active adult communities in and/or near Spanish Fort?
The percentage of residents who report their age in Spanish Fort 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 Spanish Fort with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spanish Fort.
How do you know that living in -- or moving to -- Spanish Fort is right where you need to be? Perhaps you grew up in Spanish Fort or already live nearby; therefore, the decision to buy a home in Spanish Fort is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spanish Fort 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 Spanish Fort:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spanish Fort.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spanish Fort can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spanish Fort, meanwhile, can field multiple offers from more qualified buyers.
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