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Affordable
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These days, finding an affordable place to live in the Cold Springs area can be challenging. Home prices in Cold Springs are now at a median cost of $148,530, lower than the Alabama average of $228,911.
The average cost of rent is $1,099/mo in Cold Springs, primarily driven by the current value of real estate in the Cold Springs area. In Cold Springs, 9.18% of households rent, and 59.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cold Springs is $3,708 per month. Households that rent pay about 29.65% of their income on rent here. Cold Springs’s most expensive areas are in the central 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
- Bremen, AL: equally priced homes
- Crane Hill, AL: higher priced homes
- Guthery Crossroads, AL: higher priced homes
- Trade, AL: higher priced homes
- Colony, AL: higher priced homes
- Dodge City, AL: higher priced homes
- Arley, AL: higher priced homes
- Sipsey, AL: less expensive homes
- Hull, AL: less expensive homes
- Empire, AL: equally priced homes
Cities with Similar Populations
- Pottersville, NJ: higher priced homes
- Long Cane, GA: higher priced homes
- Macedonia, IL: higher priced homes
- Machipongo, VA: higher priced homes
- Adair Village, OR: higher priced homes
- McKeefrey, WV: less expensive homes
- Millwood, KY: equally priced homes
- Moreland, AR: less expensive homes
- Mortons Gap, KY: less expensive homes
- New Milford, IL: higher priced homes
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