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Affordable
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These days, finding an affordable place to live in the Grimes area can be challenging. Home prices in Grimes are now at a median cost of $79,211, lower than the Alabama average of $228,911.
The average cost of rent is $888/mo in Grimes, primarily driven by the current value of real estate in the Grimes area. In Grimes, 54.49% of households rent, and 43.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grimes is $3,353 per month. Households that rent pay about 26.49% of their income on rent here. Grimes’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Napier Field, AL: higher priced homes
- Midland City, AL: higher priced homes
- Blackwood, AL: higher priced homes
- Pinckard, AL: higher priced homes
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- Kinsey, AL: higher priced homes
- Headland, AL: higher priced homes
- Newton, AL: higher priced homes
- Browns Crossroads, AL: higher priced homes
- Waterford, AL: higher priced homes
Cities with Similar Populations
- Mystic Grove, MA: higher priced homes
- Olaton, KY: higher priced homes
- Okete, MO: higher priced homes
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- New Georgia, AL: higher priced homes
- New Castle, TN: higher priced homes
- New Cambria, KS: higher priced homes
- Neosho Rapids, KS: higher priced homes
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