Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Anderson area can be challenging. Home prices in Anderson are now at a median cost of $149,920, lower than the Alabama average of $185,232.
The average cost of rent is $721/mo in Anderson, primarily driven by the current value of real estate in the Anderson area. While nearly 42.01% of residents own their homes outright in Anderson, 16.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Anderson is $4,807 per month. Households that rent pay about 14.99% of their income on rent here. Anderson's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Whitehead, AL: less expensive homes
- Mount Rozell, AL: less expensive homes
- Bonnertown, TN: less expensive homes
- Five Points, TN: less expensive homes
- Scarce Grease, AL: higher priced homes
- Rogersville, AL: higher priced homes
- Lester, AL: equally priced homes
- Lexington, AL: less expensive homes
- Minor Hill, TN: equally priced homes
- Thorntontown, AL: less expensive homes
Cities with Similar Populations
- Amity, AR: less expensive homes
- Mardela Springs, MD: higher priced homes
- White Stone, VA: higher priced homes
- Valley Head, AL: less expensive homes
- Luckey, OH: equally priced homes
- Hambden, OH: higher priced homes
- Fredonia, PA: equally priced homes
- Crofton, KY: less expensive homes
- Ellis, KS: equally priced homes
- Donalds, SC: less expensive homes
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