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These days, finding an affordable place to live in the Bankston area can be challenging. Home prices in Bankston are now at a median cost of $81,844, lower than the Alabama average of $228,911.
The average cost of rent is $673/mo in Bankston, primarily driven by the current value of real estate in the Bankston area. In Bankston, 12.69% of households rent, and 65.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bankston is $4,127 per month. Households that rent pay about 16.32% of their income on rent here. Bankston’s most expensive areas are in the southeastern 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
- Stough, AL: higher priced homes
- Rossland City, AL: higher priced homes
- Berry, AL: higher priced homes
- Fowlers Crossroads, AL: higher priced homes
- Fayette, AL: higher priced homes
- Studdards Crossroads, AL: equally priced homes
- Hubbertville, AL: higher priced homes
- Corona, AL: higher priced homes
- Cedar Hill, AL: higher priced homes
- Pea Ridge, AL: higher priced homes
Cities with Similar Populations
- Woodsprings, AZ: less expensive homes
- Woodrow, MN: higher priced homes
- Woodridge, VA: higher priced homes
- Argyle, GA: less expensive homes
- Bangs, OH: higher priced homes
- Groom, TX: higher priced homes
- Gaskill, NY: higher priced homes
- Gasquet, CA: higher priced homes
- Georgia, IN: higher priced homes
- Gillham, AR: equally priced homes
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