|Alabama Real Estate at a Glance:|
|Population:||4,822,023||Est. % of all sales that are short-sales:||38%|
|Land Mass in Square Miles:||52,419.02||Property Taxes % of Home Value:||0.33%|
|Median Home Value:||$119,600|
Above are today’s average mortgage loan interest rates for Alabama.
These home loan interest rate reports will show you Alabama’s rates today compared with those seen last week.
Alabama has the third lowest property tax rate in the nation. Its low median home value of below $120,000 means that property purchases are very readily accessible to new homebuyers.
However, its high percentage of short sales on the market is cause for alarm. Its percentage of short sales ranks Alabama fourth highest in the nation out of those states that have this information available.