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These days, finding an affordable place to live in the Foley area can be challenging. Home prices in Foley are now at a median cost of $286,373, higher than the Alabama average of $228,911.
The average cost of rent is $1,345/mo in Foley, primarily driven by the current value of real estate in the Foley area. In Foley, 23.35% of households rent, and 39.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Foley is $5,863 per month. Households that rent pay about 22.95% of their income on rent here. Foley’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Magnolia Springs, AL: higher priced homes
- Miflin, AL: equally priced homes
- Bon Secour, AL: higher priced homes
- Summerdale, AL: equally priced homes
- Elberta, AL: less expensive homes
- Gulf Shores, AL: higher priced homes
- Josephine, AL: equally priced homes
- Orange Beach, AL: higher priced homes
- Perdido Beach, AL: equally priced homes
- Lillian, AL: less expensive homes
Cities with Similar Populations
- Albertville, AL: less expensive homes
- Lockport, IL: higher priced homes
- Fair Oaks, VA: higher priced homes
- Troy, OH: less expensive homes
- University Park, FL: higher priced homes
- Montrose, CO: higher priced homes
- Westlake, OH: higher priced homes
- Westmont, CA: higher priced homes
- Wheat Ridge, CO: higher priced homes
- Collegeville, PA: higher priced homes
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