Home Price Key
Affordable
Average
Expensive
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 $118,041, lower than the Mississippi average of $145,564.
The average cost of rent is $812/mo in Algoma, primarily driven by the current value of real estate in the Algoma area. While nearly 59.92% of residents own their homes outright in Algoma, 12.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Algoma is $5,365 per month. Households that rent pay about 15.14% of their income on rent here. Algoma's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Springville, MS: less expensive homes
- Pontotoc, MS: higher priced homes
- Old Houlka, MS: less expensive homes
- Randolph, MS: less expensive homes
- Houlka, MS: less expensive homes
- New Houlka, MS: less expensive homes
- Zion, MS: equally priced homes
- Nixon, MS: higher priced homes
- Troy, MS: equally priced homes
- Furrs, MS: equally priced homes
Cities with Similar Populations
- Fruitland, IA: higher priced homes
- Hugh, FL: higher priced homes
- Sacramento, KY: less expensive homes
- Wind Point, WI: higher priced homes
- Haven, KS: less expensive homes
- Milford, UT: higher priced homes
- Sandy Valley, NV: higher priced homes
- Laconia, IN: higher priced homes
- Leon, WV: higher priced homes
- East Carondelet, IL: equally priced homes
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