Expensive
Affordable
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These days, finding an affordable place to live in the Chancellor area can be challenging. Home prices in Chancellor are now at a median cost of $209,087, lower than the Alabama average of $228,911.
The average cost of rent is $917/mo in Chancellor, primarily driven by the current value of real estate in the Chancellor area. In Chancellor, 17.25% of households rent, and 55.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chancellor is $6,302 per month. Households that rent pay about 14.56% of their income on rent here. Chancellor’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Coffee Springs, AL: less expensive homes
- Bellwood, AL: less expensive homes
- Sellersville, AL: less expensive homes
- Keyton, AL: higher priced homes
- Thurston, AL: less expensive homes
- Highbluff, AL: less expensive homes
- Goodman, AL: less expensive homes
- Geneva, AL: less expensive homes
- Clayhatchee, AL: less expensive homes
- Marl, AL: less expensive homes
Cities with Similar Populations
- Boise City, OK: less expensive homes
- Diamond Lake, WA: higher priced homes
- Round Mountain, NV: less expensive homes
- Green Mountain, NC: equally priced homes
- Kettleman City, CA: less expensive homes
- Koran, LA: less expensive homes
- Lake Waynoka, OH: equally priced homes
- Braggs, OK: less expensive homes
- Trail, OR: higher priced homes
- Tunnel City, WI: higher priced homes
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