Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cottonwood area can be challenging. Home prices in Cottonwood are now at a median cost of $110,201, lower than the Alabama average of $185,232.
The average cost of rent is $735/mo in Cottonwood, primarily driven by the current value of real estate in the Cottonwood area. While nearly 55.00% of residents own their homes outright in Cottonwood, 19.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cottonwood is $3,466 per month. Households that rent pay about 21.22% of their income on rent here. Cottonwood's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Sealy Springs, AL: less expensive homes
- Madrid, AL: higher priced homes
- Dupree, AL: equally priced homes
- Grangeburg, AL: less expensive homes
- Fadette, AL: higher priced homes
- State Line, AL: less expensive homes
- Sills, FL: less expensive homes
- Avon, AL: higher priced homes
- Ashford, AL: higher priced homes
- Campbellton, FL: less expensive homes
Cities with Similar Populations
- Carrington, ND: higher priced homes
- Woodbury, GA: equally priced homes
- Nokomis, IL: less expensive homes
- Albany, WI: higher priced homes
- Oldtown, ID: higher priced homes
- Kendall, NY: higher priced homes
- Seaside Heights, NJ: higher priced homes
- Silver Lake, OH: higher priced homes
- St. Stephen, MN: higher priced homes
- Tunnelton, WV: less expensive homes
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