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Affordable
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These days, finding an affordable place to live in the Gordo area can be challenging. Home prices in Gordo are now at a median cost of $134,926, lower than the Alabama average of $228,911.
The average cost of rent is $616/mo in Gordo, primarily driven by the current value of real estate in the Gordo area. In Gordo, 19.65% of households rent, and 53.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gordo is $4,825 per month. Households that rent pay about 12.76% of their income on rent here. Gordo’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kirk, AL: less expensive homes
- Elrod, AL: higher priced homes
- Pleasant Grove Estates, AL: less expensive homes
- Zion, AL: equally priced homes
- Echola, AL: higher priced homes
- Stansel, AL: less expensive homes
- Reform, AL: less expensive homes
- Moores Bridge, AL: higher priced homes
- Buhl, AL: higher priced homes
- Palmetto, AL: less expensive homes
Cities with Similar Populations
- Blue Ridge, TX: higher priced homes
- Bourbon, MO: higher priced homes
- Brookdale, SC: equally priced homes
- Caledonia, MN: higher priced homes
- Chattahoochee, FL: less expensive homes
- Galesville, WI: higher priced homes
- Ferdinand, IN: higher priced homes
- Minden, NE: higher priced homes
- Prescott, MI: less expensive homes
- Pound Ridge, NY: higher priced homes
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