Are you looking for a place to buy an affordable house? If so, Alabama may be the right place for you. You will find small towns and rural areas on this list of the five most affordable places to buy a house in Alabama. Each of these places has its unique charm and personality. So, what are you waiting for? Start exploring these five amazing places today!
1. Huntsville
As the cost of living in Huntsville, Alabama, continues to rise, many residents struggle to keep up with the rising costs. Fortunately, there are several affordable housing options available in Huntsville. If you’re looking for an affordable place to buy in Huntsville, then be sure to gather the details of Top Realtors Huntsville AL to start shifting into one of the most vibrant cities.
One affordable housing option available in Huntsville is the city’s Housing Authority. The Housing Authority provides safe and decent housing for low-income residents of Huntsville. The Housing Authority offers several public housing, voucher programs, and homeless assistance.
Another affordable housing option available in Huntsville is Habitat for Humanity. Habitat for Humanity is a nonprofit organization that helps families in need of housing. Habitat for Humanity builds and repairs homes for families in need and provides no-interest loans to help families finance the purchase of their homes.
The Salvation Army also provides affordable housing options in Huntsville. The Salvation Army operates several programs, including transitional housing, emergency shelters, and low-income housing. The Salvation Army provides several other services, such as meals, clothing, and financial assistance.
Everything You Need to Know About House Prices In Huntsville
The median home value in Huntsville is $280,973, and the average median rent price of $609 for a single-bedroom house. Huntsville is a city located in Madison County in the state of Alabama. The city has a population of 215,070 residents and is part of the Huntsville-Decatur-Albertville metropolitan area. As of 2022, the Huntsville housing market is strong, with a healthy mix of buyers and sellers.
The median home value has increased by 6.8% over the past year and is predicted to rise another 3.2% in upcoming years. There are currently 1,036 homes for sale in Huntsville, AL, of which 453 are for sale by owner and 583 are for sale by real estate agents. The average price of homes sold in Huntsville, AL, is $ 280,000.
The Huntsville housing market is not as competitive as the rest of the US market. The average home spends only 51 days on the market before selling, significantly shorter than the national average of 90 days. The percent of homes for sale that had a price cut in Huntsville, AL, was 4.4%, and the average price cut was $10,100.
2. Athens (Limestone County)
Athens is a great city to buy a house in for many reasons. It’s the fifth most affordable city in Alabama. It is a great place to work, with various job opportunities available.
The largest employers in the city are Huntsville Hospital, Limestone County Schools and Athens State University. Athens is also a great place to raise a family. The city has excellent schools, and there are plenty of things to do for kids and adults alike.
There are several parks and recreational facilities, as well as a variety of shops and restaurants.
There are many factors to consider when purchasing a home, such as location, cost, size and more. However, one of the most important things to remember is the city you’re buying in. Different cities offer different amenities, job opportunities and quality of life.
If you’re considering buying a house in Athens, here’s what you need to know.
The median home cost in Athens is $105,000, much lower than the national average. The cost of living is also relatively low, and there are plenty of affordable places to live.
Why Buy a House in Athens?
Athens, the capital city, is a bustling metropolis full of history, culture, and cuisine. And, best of all, it’s a great place to buy a house. Here are a few reasons to consider investing in Athens real estate.
A. The Weather is Perfect
Athens has a moderate climate, which means it enjoys mild winters and warm summers. The average temperature in January is a balmy 14 degrees Celsius (57 degrees Fahrenheit), and in August, it’s a comfortable 27 degrees Celsius (81 degrees Fahrenheit).
This makes Athens an ideal city to live in year-round.
B. There is a Vibrant Culture Scene
Athens is a cultural hub, with more museums and art galleries than any other city. There is something to suit every taste.
The gross rental yields on properties in Athens’ downtown area are high at around 4.2% for apartments with 120 m2 of space. On the other hand, the rental yields are higher for smaller flats: 5.7 percent.
Athens House Buying Quick Facts
- The average commute is only 24.9 minutes.
- The median rent for a one-bedroom apartment is $1015.
- The median home value is a very affordable $104,875
- The median household income is $38,662
- The total population is 23,296
- The Walk Score is 102956
- Median property tax is only $1,095
If you’re looking for a great place to buy a house, Athens definitely should be on your radar! With such affordable prices and high quality of life, it’s no wonder this city is attracting so much attention.
3. Tuscumbia
Tuscumbia is a city located in Colbert County, Alabama. As per the recent census, the population was 8,445. The city is the county seat of Colbert County and is part of The Shoals metropolitan area.
The real estate market in Tuscumbia is healthy and growing. The median home value in Tuscumbia is $114,300. The median rent price in Tuscumbia is $700. There are currently 1,063 homes for sale in Tuscumbia, and the average list price is $165,534. The median household income in Tuscumbia is $41,131.
The unemployment rate in Tuscumbia is 3.6%, which is lower than the national average of 5.3%. The cost of living in Tuscumbia is 9.2% lower than the national average. The crime rate in Tuscumbia is also lower than the national average, making it a safe place to live.
Tuscumbia’s real estate market is quite diverse, with something to appeal to almost any homebuyer. The median list price per square foot in Tuscumbia is also quite low at just $85.
Most homes in Tuscumbia are single-family detached homes, accounting for 58.2% of all homes in the city. These are followed by mobile homes, which make up 17.9% of the housing stock, and duplexes and townhomes, which make up 11.6% and 5.4%, respectively.
The vacancy rate in Tuscumbia is a relatively low 2.3%, which is lower than the state average of 8.3% and the national average of 7.2%. However, the cost of living in Tuscumbia is quite low, with an index of just 78.1 (compared to 100 for the rest of the United States). This, combined with the relatively low median home price, makes Tuscumbia a very affordable place to live.
If you’re considering buying a house in Tuscumbia, now is a good time to do so. Prices are expected to continue to rise, so it’s a good investment. There are many beautiful homes for sale in Tuscumbia, so you’re sure to find one that you love. Contact a real estate agent today to start your search.
4. Forestdale
As of 2022, the average sale price for a home in Forestdale, MA was $138,750. The median sale price was $155,000, and the median price per square foot was $251. The number of homes sold in Forestdale, MA, is 16, which is 77% higher year over year. The number of homes for sale in Forestdale, MA, increased 2.2% from the previous month and was unchanged from October 2021. The average median Days on the Market (DOM) for homes in Forestdale, MA, was 44 days in August 2022.
Why Buy a House in Forestdale:
There are many reasons to buy a house in Forestdale. First, the town is located just outside Boston, making it a great commuter location. Second, the town has various housing options, whether you’re looking for a starter home or something more luxurious.
Third, the town is home to excellent public and private schools. Finally, the town has a vibrant community with plenty of things to do. If you’re looking for a place to call home, Forestdale is worth considering.
5. Hoover City
Looking for an affordable place to live in Alabama, look no further than Hoover City. It is one of the most affordable places to buy a house in the state. The average home price in Hoover City is just $298,400, which is significantly lower than the state average of $352,800. In addition to being affordable, Hoover City is also a great place to live.
The city has a low cost of living and is ranked as one of the best places in Alabama. This is based on several factors, including the cost of living. Rent is also very affordable at an average of $1155 per month. The cost of living in Hoover is 9% higher than the national average and 24% above the Alabama average.
The typical cost of living in Hoover is #4,129 among the 6,418 locations we tracked in Alabama. That indicates that Hoover is the #2,289 most popular city in the Heart of Dixie according to our definition.
There are several reasons why Hoover is such an affordable place to live. The city has a low crime rate and great schools. There are also plenty of jobs available. The median household income in Hoover is $92,984, which is higher than the national and state averages.
Things to Do in Hoover
There are plenty of things to do in Hoover, from exploring one of the many parks and trails to shopping at the Riverchase Galleria. And if you’re looking for a job, Hoover is home to several major employers, including the University of Alabama at Birmingham, Samford University, and Brookwood Medical Center.
The city has a lot to offer regarding jobs, schools, and safety. You can also find plenty of cheap homes and apartments for rent. So if you’re looking for an affordable place to live in Alabama, check out Hoover!
Bottom-Line
Huntsville is a great option if you’re looking for an affordable place to live in Alabama. The city offers a variety of housing options, from public housing to Habitat for Humanity homes. Additionally, the city has several excellent schools and a vibrant community. Huntsville should definitely be at the top of your list if you’re considering buying a home in Alabama.
There are many real estate companies In Alabama where you can find the most affordable places to live a peaceful life.