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Affordable
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These days, finding an affordable place to live in the Chapman area can be challenging. Home prices in Chapman are now at a median cost of $108,332, lower than the Alabama average of $228,911.
The average cost of rent is $740/mo in Chapman, primarily driven by the current value of real estate in the Chapman area. In Chapman, 21.74% of households rent, and 77.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chapman is $3,516 per month. Households that rent pay about 21.05% of their income on rent here. Chapman’s most expensive areas are in the northwestern 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
- Georgiana, AL: less expensive homes
- McKenzie, AL: equally priced homes
- Garland, AL: higher priced homes
- Bolling, AL: less expensive homes
- Industry, AL: equally priced homes
- Shacklesville, AL: higher priced homes
- Owassa, AL: higher priced homes
- Bowles, AL: higher priced homes
- Skinnerton, AL: higher priced homes
- Oaky Streak, AL: equally priced homes
Cities with Similar Populations
- Perth, MS: less expensive homes
- Morgantown, MS: higher priced homes
- Morse Mill, MO: higher priced homes
- Partello, MI: higher priced homes
- Passaconaway, NH: higher priced homes
- Patuxent, MD: higher priced homes
- Payne, AR: less expensive homes
- Peabody, IN: higher priced homes
- Pedlar Mills, VA: higher priced homes
- Moran, WY: higher priced homes
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