Home Price Key
Affordable
Average
Expensive
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 $146,784, lower than the Alabama average of $185,232.
The average cost of rent is $772/mo in Bay Minette, primarily driven by the current value of real estate in the Bay Minette area. While nearly 45.99% of residents own their homes outright in Bay Minette, 24.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bay Minette is $4,806 per month. Households that rent pay about 16.05% of their income on rent here. Bay Minette's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Carpenter, AL: equally priced homes
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- Nokomis, AL: equally priced homes
- Creola, AL: equally priced homes
Cities with Similar Populations
- Fowlerville, MI: higher priced homes
- Finneytown, OH: equally priced homes
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- Florence, OR: higher priced homes
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- 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: less expensive homes
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