Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gulf Shores area can be challenging. Home prices in Gulf Shores are now at a median cost of $272,562, higher than the Alabama average of $185,232.
The average cost of rent is $1,011/mo in Gulf Shores, primarily driven by the current value of real estate in the Gulf Shores area. While nearly 47.06% of residents own their homes outright in Gulf Shores, 22.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gulf Shores is $5,162 per month. Households that rent pay about 19.58% of their income on rent here. Gulf Shores's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Bon Secour, AL: equally priced homes
- Foley, AL: less expensive homes
- Miflin, AL: less expensive homes
- Orange Beach, AL: higher priced homes
- Josephine, AL: less expensive homes
- Palmetto Beach, AL: higher priced homes
- Perdido Beach, AL: less expensive homes
- Lillian, AL: less expensive homes
- Perdido Key, FL: less expensive homes
- Ocean Springs, FL: higher priced homes
Cities with Similar Populations
- Bolivar, MO: less expensive homes
- Wilmington Island, GA: higher priced homes
- Willowick, OH: less expensive homes
- Williamsburg, KY: less expensive homes
- Benton, KY: less expensive homes
- Wilkinsburg, PA: less expensive homes
- Bexley, OH: higher priced homes
- Whitmore Lake, MI: equally priced homes
- Bloomfield, NM: less expensive homes
- Blountville, TN: less expensive homes
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