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These days, finding an affordable place to live in the Geraldine area can be challenging. Home prices in Geraldine are now at a median cost of $157,297, lower than the Alabama average of $228,911.
The average cost of rent is $510/mo in Geraldine, primarily driven by the current value of real estate in the Geraldine area. In Geraldine, 22.61% of households rent, and 47.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Geraldine is $4,435 per month. Households that rent pay about 11.49% of their income on rent here. Geraldine’s most expensive areas are in the northwestern 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
- Whiton, AL: higher priced homes
- Dawson, AL: less expensive homes
- Crossville, AL: less expensive homes
- Groveoak, AL: equally priced homes
- Fyffe, AL: less expensive homes
- Copeland Bridge, AL: less expensive homes
- Collinsville, AL: less expensive homes
- Shiloh, AL: higher priced homes
- Lebanon, AL: less expensive homes
- Albertville, AL: higher priced homes
Cities with Similar Populations
- Converse, IN: higher priced homes
- Warthen, GA: equally priced homes
- Underwood, IN: higher priced homes
- Tishomingo, MS: less expensive homes
- Thurmond, NC: higher priced homes
- Delco, NC: equally priced homes
- Darlington, IN: higher priced homes
- Danvers, IL: higher priced homes
- Cridersville, OH: higher priced homes
- Camp Hill, AL: less expensive homes
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