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These days, finding an affordable place to live in the Gum Springs area can be challenging. Home prices in Gum Springs are now at a median cost of $129,112, lower than the Alabama average of $228,911.
The average cost of rent is $872/mo in Gum Springs, primarily driven by the current value of real estate in the Gum Springs area. In Gum Springs, 39.23% of households rent, and 41.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gum Springs is $4,294 per month. Households that rent pay about 20.30% of their income on rent here. Gum Springs’s most expensive areas are in the central 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
- Mountain Grove, AL: equally priced homes
- Red Hill, AL: higher priced homes
- Nectar, AL: higher priced homes
- Walter, AL: higher priced homes
- Blountsville, AL: higher priced homes
- Cleveland, AL: higher priced homes
- North Walter, AL: less expensive homes
- Garden City, AL: less expensive homes
- Hanceville, AL: higher priced homes
- Rosa, AL: higher priced homes
Cities with Similar Populations
- Burrs Mills, NY: higher priced homes
- Weavertown, PA: higher priced homes
- Washington, MA: higher priced homes
- Warwick, ND: higher priced homes
- Warm Springs, AR: less expensive homes
- Walker, KS: higher priced homes
- Walker, AR: less expensive homes
- Walhalla, MI: equally priced homes
- Chisford, VA: higher priced homes
- Wesley, PA: higher priced homes
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