Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Alabama area can be challenging. Home prices in Alabama are now at a median cost of $138,494, lower than the New York average of $481,023.
The average cost of rent is $1,052/mo in Alabama, primarily driven by the current value of real estate in the Alabama area. While nearly 51.69% of residents own their homes outright in Alabama, 11.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Alabama is $6,073 per month. Households that rent pay about 17.32% of their income on rent here. Alabama's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Batavia, NY: less expensive homes
- Daws, NY: equally priced homes
- Little Canada, NY: equally priced homes
- Bushville, NY: equally priced homes
- Stafford, NY: equally priced homes
- Elba, NY: equally priced homes
- East Bethany, NY: equally priced homes
- South Byron, NY: equally priced homes
- Roanoke, NY: equally priced homes
- West Batavia, NY: equally priced homes
Cities with Similar Populations
- Clarksburg, OH: equally priced homes
- Silver Grove, KY: less expensive homes
- Hatton, ND: equally priced homes
- Garrisonville, VA: higher priced homes
- Natural Bridge, VA: higher priced homes
- Truro, MA: higher priced homes
- Minden, TX: higher priced homes
- Offerman, GA: less expensive homes
- Wagners Lake, NE: higher priced homes
- Keystone, SD: higher priced homes
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