Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Banks area can be challenging. Home prices in Banks are now at a median cost of $125,345, lower than the Alabama average of $185,232.
The average cost of rent is $773/mo in Banks, primarily driven by the current value of real estate in the Banks area. While nearly 64.99% of residents own their homes outright in Banks, 11.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Banks is $3,839 per month. Households that rent pay about 20.14% of their income on rent here. Banks's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Josie, AL: less expensive homes
- Monticello, AL: less expensive homes
- Buckhorn, AL: less expensive homes
- Sandfield, AL: less expensive homes
- Catalpa, AL: less expensive homes
- Pronto, AL: less expensive homes
- Dunn, AL: higher priced homes
- Linwood, AL: less expensive homes
- Saco, AL: equally priced homes
- Blues Old Stand, AL: higher priced homes
Cities with Similar Populations
- Glidden, WI: less expensive homes
- Inchelium, WA: higher priced homes
- Roosevelt, MI: higher priced homes
- Hoagland, OH: higher priced homes
- Hillsboro, GA: equally priced homes
- Hecker, IL: higher priced homes
- Roosville, MT: higher priced homes
- Rosalia, WA: higher priced homes
- Hamrick, NC: higher priced homes
- Greasewood, AZ: less expensive homes
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