Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bessemer area can be challenging. Home prices in Bessemer are now at a median cost of $160,650, lower than the Alabama average of $185,232.
The average cost of rent is $1,095/mo in Bessemer, primarily driven by the current value of real estate in the Bessemer area. While nearly 44.46% of residents own their homes outright in Bessemer, 32.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bessemer is $4,707 per month. Households that rent pay about 23.27% of their income on rent here. Bessemer's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Hueytown, AL: less expensive homes
- Lipscomb, AL: less expensive homes
- Brighton, AL: less expensive homes
- Midfield, AL: less expensive homes
- Dolomite, AL: less expensive homes
- Fairfield, AL: less expensive homes
- Pleasant Grove, AL: equally priced homes
- North Johns, AL: equally priced homes
- Helena, AL: higher priced homes
- Mccalla, AL: higher priced homes
Cities with Similar Populations
- Eagle Pass, TX: less expensive homes
- Coppell, TX: higher priced homes
- Neenah, WI: higher priced homes
- Cleveland Heights, OH: equally priced homes
- Thomasville, NC: less expensive homes
- Bountiful, UT: higher priced homes
- Powell, OH: higher priced homes
- Duncanville, TX: equally priced homes
- Brunswick, OH: higher priced homes
- Prairieville, LA: higher priced homes
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