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These days, finding an affordable place to live in the 36040 area can be challenging. Home prices in 36040 are now at a median cost of $72,428, lower than the Alabama average of $185,232.
The average cost of rent is $665/mo in 36040, primarily driven by the current value of real estate in the 36040 area. While nearly 56.78% of residents own their homes outright in 36040, 32.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 36040 is $2,473 per month. Households that rent pay about 26.89% of their income on rent here. 36040's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 36752, AL: higher priced homes
- 36785, AL: higher priced homes
- 36047, AL: higher priced homes
- 36043, AL: higher priced homes
- 36761, AL: higher priced homes
- 36775, AL: higher priced homes
- 36069, AL: higher priced homes
- 36767, AL: equally priced homes
- 36052, AL: higher priced homes
- 36723, AL: less expensive homes
Zip Codes with Similar Populations
- 03753, NH: higher priced homes
- 44824, OH: higher priced homes
- 05055, VT: higher priced homes
- 04428, ME: higher priced homes
- 04357, ME: higher priced homes
- 14710, NY: higher priced homes
- 79311, TX: higher priced homes
- 04015, ME: higher priced homes
- 14719, NY: higher priced homes
- 36033, AL: higher priced homes
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