Bessemer Homestead median real estate price is $74,018, which is less expensive than 80.1% of Alabama neighborhoods and 93.0% of all U.S. neighborhoods.
The average rental price in Bessemer Homestead is currently $737, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.6% of Alabama neighborhoods.
Bessemer Homestead is a suburban neighborhood (based on population density) located in Bessemer, Alabama.
Bessemer Homestead real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Bessemer Homestead neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Bessemer Homestead has a 16.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.