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Affordable
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These days, finding an affordable place to live in the Diamond area can be challenging. Home prices in Diamond are now at a median cost of $257,377, higher than the Alabama average of $228,911.
The average cost of rent is $837/mo in Diamond, primarily driven by the current value of real estate in the Diamond area. In Diamond, 20.68% of households rent, and 47.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Diamond is $7,182 per month. Households that rent pay about 11.66% of their income on rent here. Diamond’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Guntersville, AL: equally priced homes
- Strawberry, AL: less expensive homes
- Arab, AL: less expensive homes
- Mount Carmel, AL: higher priced homes
- Scant City, AL: equally priced homes
- Albertville, AL: less expensive homes
- Joppa, AL: less expensive homes
- Cottonville, AL: equally priced homes
- Union Grove, AL: less expensive homes
- Baileyton, AL: less expensive homes
Cities with Similar Populations
- Walnut Grove, TX: less expensive homes
- Farmers Mills, PA: equally priced homes
- Rockford Bay, ID: higher priced homes
- Excello, MO: less expensive homes
- River Falls, SC: higher priced homes
- Richmond, LA: less expensive homes
- Eustis, NE: less expensive homes
- Reed Point, MT: higher priced homes
- Etna Mills, VA: higher priced homes
- Epworth, OH: equally priced homes
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