Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cochrane area can be challenging. Home prices in Cochrane are now at a median cost of $109,298, lower than the Alabama average of $185,232.
The average cost of rent is $555/mo in Cochrane, primarily driven by the current value of real estate in the Cochrane area. While nearly 89.81% of residents own their homes outright in Cochrane, 10.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cochrane is $3,461 per month. Households that rent pay about 16.02% of their income on rent here. Cochrane's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Dancy, AL: higher priced homes
- Aliceville, AL: equally priced homes
- McMullen, AL: less expensive homes
- Warsaw, AL: less expensive homes
- Memphis, AL: higher priced homes
- Garden, AL: equally priced homes
- Cunningham, AL: equally priced homes
- Lewiston, AL: less expensive homes
- Prairie Point, MS: less expensive homes
- Paulette, MS: equally priced homes
Cities with Similar Populations
- Watauga, SD: less expensive homes
- Macedonia, CT: higher priced homes
- Mackey, NY: higher priced homes
- Madrid, VA: higher priced homes
- Weldon, MT: higher priced homes
- Mamers, NC: higher priced homes
- Marcella, NJ: higher priced homes
- Marcus, SD: higher priced homes
- Marietta, IN: higher priced homes
- Marion, NE: higher priced homes
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