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These days, finding an affordable place to live in the Egypt area can be challenging. Home prices in Egypt are now at a median cost of $164,323, lower than the Alabama average of $185,232.
The average cost of rent is $686/mo in Egypt, primarily driven by the current value of real estate in the Egypt area. While nearly 61.11% of residents own their homes outright in Egypt, 15.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Egypt is $3,753 per month. Households that rent pay about 18.27% of their income on rent here. Egypt's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
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