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These days, finding an affordable place to live in the 35040 area can be challenging. Home prices in 35040 are now at a median cost of $233,382, higher than the Alabama average of $228,911.
The average cost of rent is $1,549/mo in 35040, primarily driven by the current value of real estate in the 35040 area. In 35040, 20.34% of households rent, and 23.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 35040 is $7,262 per month. Households that rent pay about 21.33% of their income on rent here. 35040’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 35115, AL: less expensive homes
- 35007, AL: higher priced homes
- 35114, AL: higher priced homes
- 35051, AL: higher priced homes
- 35143, AL: equally priced homes
- 35035, AL: less expensive homes
- 35080, AL: higher priced homes
- 35186, AL: higher priced homes
- 35184, AL: less expensive homes
- 35111, AL: higher priced homes
Zip Codes with Similar Populations
- 34972, FL: higher priced homes
- 54017, WI: higher priced homes
- 85653, AZ: higher priced homes
- 40744, KY: less expensive homes
- 41071, KY: equally priced homes
- 45505, OH: less expensive homes
- 02818, RI: higher priced homes
- 85310, AZ: higher priced homes
- 53089, WI: higher priced homes
- 07506, NJ: higher priced homes
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