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These days, finding an affordable place to live in the Fort Payne area can be challenging. Home prices in Fort Payne are now at a median cost of $163,955, lower than the Alabama average of $228,911.
The average cost of rent is $716/mo in Fort Payne, primarily driven by the current value of real estate in the Fort Payne area. In Fort Payne, 25.77% of households rent, and 54.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fort Payne is $4,326 per month. Households that rent pay about 16.54% of their income on rent here. Fort Payne’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pine Ridge, AL: equally priced homes
- Rainsville, AL: higher priced homes
- Lebanon, AL: less expensive homes
- Loveless, AL: less expensive homes
- Jamestown, AL: less expensive homes
- Taff, AL: equally priced homes
- Sylvania, AL: equally priced homes
- Shiloh, AL: equally priced homes
- Hammondville, AL: less expensive homes
- Valley Head, AL: less expensive homes
Cities with Similar Populations
- Gaston, SC: less expensive homes
- Exeter, NH: higher priced homes
- Fairfax Station, VA: higher priced homes
- Fairwood, WA: higher priced homes
- Fillmore, CA: higher priced homes
- Forest City, NC: equally priced homes
- Forked River, NJ: higher priced homes
- Fort Bragg, NC: higher priced homes
- Fulton, MO: higher priced homes
- Evergreen Park, IL: higher priced homes
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