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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 $138,527, lower than the Alabama average of $228,911.
The average cost of rent is $756/mo in Cottonwood, primarily driven by the current value of real estate in the Cottonwood area. In Cottonwood, 24.49% of households rent, and 59.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cottonwood is $3,842 per month. Households that rent pay about 19.67% of their income on rent here. Cottonwood’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sealy Springs, AL: equally priced homes
- Madrid, AL: higher priced homes
- Dupree, AL: equally priced homes
- Grangeburg, AL: less expensive homes
- Fadette, AL: higher priced homes
- State Line, AL: higher priced 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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