Graymont / East Thomas median real estate price is $99,818, which is more expensive than 46.7% of the neighborhoods in Alabama and 18.0% of the neighborhoods in the U.S.
The average rental price in Graymont / East Thomas is currently $421, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.2% of Alabama neighborhoods.
Graymont / East Thomas is a suburban neighborhood (based on population density) located in Birmingham, Alabama.
Graymont / East Thomas real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Graymont / East Thomas neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Graymont / East Thomas. The current real estate vacancy rate here is 29.0%. This is higher than the rate of vacancies in 93.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.