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Affordable
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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 $165,247, lower than the Alabama average of $228,911.
The average cost of rent is $780/mo in Anderson, primarily driven by the current value of real estate in the Anderson area. In Anderson, 6.40% of households rent, and 35.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Anderson is $7,116 per month. Households that rent pay about 10.96% of their income on rent here. Anderson’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whitehead, AL: less expensive homes
- Mount Rozell, AL: higher priced homes
- Bonnertown, TN: higher priced homes
- Five Points, TN: equally priced homes
- Scarce Grease, AL: higher priced homes
- Rogersville, AL: higher priced homes
- Lester, AL: higher priced homes
- Lexington, AL: equally priced homes
- Minor Hill, TN: higher priced homes
- Thorntontown, AL: equally priced 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: higher priced homes
- Hambden, OH: higher priced homes
- Fredonia, PA: equally priced homes
- Crofton, KY: less expensive homes
- Ellis, KS: equally priced homes
- Donalds, SC: equally priced homes
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