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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 $413,038, higher than the Alabama average of $228,911.
The average cost of rent is $1,424/mo in Gulf Shores, primarily driven by the current value of real estate in the Gulf Shores area. In Gulf Shores, 27.66% of households rent, and 44.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gulf Shores is $6,557 per month. Households that rent pay about 21.71% of their income on rent here. Gulf Shores’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bon Secour, AL: less expensive homes
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- 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
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- Wilkinsburg, PA: less expensive homes
- Bexley, OH: higher priced homes
- Whitmore Lake, MI: less expensive homes
- Bloomfield, NM: less expensive homes
- Blountville, TN: less expensive homes
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