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These days, finding an affordable place to live in the Bay Minette area can be challenging. Home prices in Bay Minette are now at a median cost of $211,978, lower than the Alabama average of $228,911.
The average cost of rent is $945/mo in Bay Minette, primarily driven by the current value of real estate in the Bay Minette area. In Bay Minette, 26.78% of households rent, and 47.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bay Minette is $5,083 per month. Households that rent pay about 18.59% of their income on rent here. Bay Minette’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carpenter, AL: less expensive homes
- Whitehouse Forks, AL: higher priced homes
- Blacksher, AL: less expensive homes
- Hurricane, AL: higher priced homes
- Phillipsville, AL: higher priced homes
- Dyas, AL: higher priced homes
- Stapleton, AL: higher priced homes
- Bromley, AL: higher priced homes
- Nokomis, AL: less expensive homes
- Creola, AL: equally priced homes
Cities with Similar Populations
- Fowlerville, MI: higher priced homes
- Finneytown, OH: equally priced homes
- Flanders, NJ: higher priced homes
- Florence, OR: higher priced homes
- Pleasanton, TX: equally priced homes
- Plainwell, MI: higher priced homes
- Pendleton, IN: higher priced homes
- Foristell, MO: higher priced homes
- Fort Bragg, CA: higher priced homes
- Fort Campbell North, KY: higher priced homes
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