North Alabama Houses With Land for Sale - 494 Properties (2024)

FAQs

What is the cheapest county to buy land in in Alabama? ›

What are the most affordable counties for vacant land purchases in Alabama? Some of Alabama's most budget-friendly rural counties for raw vacant land buys include Greene, Sumter, Fayette, Lamar, and Cleburne, with per acre prices averaging between $1,200 - $1,800 based on current realtor MLS listings data.

in round numbers in coastal Southern California land cost will be about equal to construction cost. The farther inland you go the land cost decreases. That would all depend on the land and the house. In general, a house should cost around three times the land value.

There are currently 25,780 homes for sale in Alabama. The median list price in Alabama is $329,900 and the average price per square foot is $157.

Alabama property tax

The Alabama counties with the lowest effective property tax rates are Choctaw County (0.21% or less*), Washington County (0.23%), and Bibb and Clarke Counties (0.24%).

We recommend you go straight to LandWatch, Lands of America, or LoopNet - you'll almost surely find what you're looking for. Plain and simple.

The state millage rate is equivalent to a tax of $6.50 for every $1,000 of assessed value. However, both cities and counties may levy millage rates in addition to the state's 6.5 mills. These local rates vary, but the average millage rate statewide is 42 mills, including the state's 6.5 mills.

It is usually cheaper to buy a home than build a new one. However, by building your own home you get a brand-new residence, customized to your needs. It costs $267,620 on average to build a home in Alabama. This figure can add up to $417,620 if you include land costs, excavations, permits, and other expenses.

In general, you'll likely find it cheaper to buy an existing home, but market conditions always affect home prices. A home loan is less risky than a land loan and typically comes with a lower minimum down payment and a better interest rate.

Is it better to have land or cash? ›

CASH IS KING – Maintain your liquidity - Purchasing land requires a HUGE capital investment. Once the cash is spent, you lose your ability to act quickly on future needs and investment opportunities. Liquidity is how quickly your assets can be converted to cash.

Alabama's average cost of living varies depending on location and individual circ*mstances. However, according to the Bureau of Economic Analysis, the Alabama cost of living in 2023 is around $39,657 per year for a typical single individual.

In April 2024, 19.8% of homes in Alabama sold above list price, down 4.2 points year. There were only 25.9% of homes that had price drops, up from 19.0% of homes in April last year. There was a 97.7% sale-to-list price, down 0.37 points year over year. …

According to the average cost to build per square foot in Alabama, the cost to build a 1500 square foot house would be around $201,000.

As a general rule, the cheapest land in the United States tends to be desert land without utilities.

While living off-grid is legal in Alabama, local zoning and building laws will ultimately determine its feasibility in a specific area.