There are currently 30,144 real estate properties in Tuscaloosa, AL, with a median automated valuation model (AVM) price of $187,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tuscaloosa, 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 Tuscaloosa, AL, is $230,525.00, with the most expensive house in Tuscaloosa, AL, topping out at $14,513,300.00 and the cheapest home in Tuscaloosa, AL, clocking in at $10,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Tuscaloosa, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tuscaloosa, AL, is on a rollercoaster ride. The average rent price in Tuscaloosa, AL, is $1,218.00. Indeed, when looking to rent in Tuscaloosa, AL, you can expect to pay as little as $540.00 or as much as $3,500.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Tuscaloosa, 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 Tuscaloosa, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Tuscaloosa, AL and much more. Save thousands at closing with home foreclosure listings in Tuscaloosa, AL — up to 75% off market value!
Tuscaloosa is located in Tuscaloosa, Alabama, with an estimated municipal population of 101,129 residents. All of the best foreclosed homes for sale in Tuscaloosa are located in the following zip code areas on Foreclosure.com: 35475 35476 35405 35404 35406 35401 35403 35407 35486 35487. The estimated population per square kilometer (.62 miles) in Tuscaloosa is 631.
So, about how much do homes cost in Tuscaloosa? The most recent median value of resident-owned homes in Tuscaloosa is 179,714. An estimated 48.4 percent of households in Tuscaloosa own their homes, with an average family size of 3.25. The median household income in Tuscaloosa is 45,268, with20.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tuscaloosa, the median commute time of resident workers (in minutes) is 19. And last, but certainly not least, are you looking for homes to rent in Tuscaloosa? If so, the average rent price paid by renters in Tuscaloosa is 844, 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 Tuscaloosa, 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 Tuscaloosa is 29.3, split between 48 percent male versus 52 female. The percentage of residents who report being married in Tuscaloosa is 30.8, with an average family size of 3.25.
The percentage of residents who report their race in Tuscaloosa is as follows:
|Black / African American||44%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Tuscaloosa? Or maybe you are searching for 55+ active adult communities in and/or near Tuscaloosa?
The percentage of residents who report their age in Tuscaloosa 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 Tuscaloosa with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tuscaloosa.
How do you know that living in -- or moving to -- Tuscaloosa is right where you need to be? Perhaps you grew up in Tuscaloosa or already live nearby; therefore, the decision to buy a home in Tuscaloosa is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tuscaloosa 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 Tuscaloosa:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tuscaloosa.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tuscaloosa can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tuscaloosa, meanwhile, can field multiple offers from more qualified buyers.