Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chatom area can be challenging. Home prices in Chatom are now at a median cost of $120,608, lower than the Alabama average of $185,232.
The average cost of rent is $549/mo in Chatom, primarily driven by the current value of real estate in the Chatom area. While nearly 57.99% of residents own their homes outright in Chatom, 23.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chatom is $4,248 per month. Households that rent pay about 12.93% of their income on rent here. Chatom's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Rutan, AL: equally priced homes
- Tibbie, AL: higher priced homes
- Yellow Pine, AL: less expensive homes
- Bigbee, AL: equally priced homes
- Seaboard, AL: higher priced homes
- Copeland, AL: equally priced homes
- Fruitdale, AL: equally priced homes
- Eret, MS: less expensive homes
- St. Stephens, AL: less expensive homes
- Wagarville, AL: equally priced homes
Cities with Similar Populations
- Seminole, AL: higher priced homes
- Johannesburg, MI: higher priced homes
- Marbury, AL: higher priced homes
- Mayetta, KS: higher priced homes
- Motley, MN: higher priced homes
- Nashua, IA: equally priced homes
- New Canton, VA: equally priced homes
- Nunnelly, TN: equally priced homes
- Oakley, KS: equally priced homes
- Orfordville, WI: higher priced homes
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