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These days, finding an affordable place to live in the Damascus area can be challenging. Home prices in Damascus are now at a median cost of $86,700, lower than the Alabama average of $228,911.
The average cost of rent is $736/mo in Damascus, primarily driven by the current value of real estate in the Damascus area. In Damascus, 4.69% of households rent, and 80.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Damascus is $2,935 per month. Households that rent pay about 25.08% of their income on rent here. Damascus’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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