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These days, finding an affordable place to live in the Gum Spring area can be challenging. Home prices in Gum Spring are now at a median cost of $228,799, lower than the Alabama average of $228,911.
The average cost of rent is $923/mo in Gum Spring, primarily driven by the current value of real estate in the Gum Spring area. In Gum Spring, 33.83% of households rent, and 58.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gum Spring is $6,195 per month. Households that rent pay about 14.91% of their income on rent here. Gum Spring’s most expensive areas are in the northwestern 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
- Somerville, AL: less expensive homes
- Union Hill, AL: less expensive homes
- Tanner Heights, AL: higher priced homes
- Hartselle, AL: equally priced homes
- Winton, AL: less expensive homes
- Priceville, AL: higher priced homes
- Falkville, AL: less expensive homes
- Eva, AL: less expensive homes
- Echols Crossroads, AL: equally priced homes
- Oak Ridge, AL: equally priced homes
Cities with Similar Populations
- Fort Buchanan, PR: higher priced homes
- Grafton, IL: equally priced homes
- Golf, FL: higher priced homes
- Golconda, IL: less expensive homes
- Glenwood Landing, NY: higher priced homes
- Girard, MI: equally priced homes
- Gerry, NY: less expensive homes
- Garrett, PA: less expensive homes
- Garden City, AL: less expensive homes
- Garber, OK: less expensive homes
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