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These days, finding an affordable place to live in the Algoma area can be challenging. Home prices in Algoma are now at a median cost of $125,684, lower than the Mississippi average of $183,008.
The average cost of rent is $934/mo in Algoma, primarily driven by the current value of real estate in the Algoma area. In Algoma, 18.24% of households rent, and 67.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Algoma is $4,509 per month. Households that rent pay about 20.72% of their income on rent here. Algoma’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Springville, MS: equally priced homes
- Pontotoc, MS: higher priced homes
- Old Houlka, MS: less expensive homes
- Randolph, MS: higher priced homes
- Houlka, MS: less expensive homes
- New Houlka, MS: less expensive homes
- Zion, MS: higher priced homes
- Nixon, MS: higher priced homes
- Troy, MS: less expensive homes
- Furrs, MS: equally priced homes
Cities with Similar Populations
- Fruitland, IA: higher priced homes
- Hugh, FL: higher priced homes
- Sacramento, KY: equally priced homes
- Wind Point, WI: higher priced homes
- Haven, KS: equally priced homes
- Milford, UT: higher priced homes
- Sandy Valley, NV: higher priced homes
- Laconia, IN: higher priced homes
- Leon, WV: equally priced homes
- East Carondelet, IL: higher priced homes
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