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These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $99,500, lower than the Alabama average of $228,911.
The average cost of rent is $483/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 2.34% of households rent, and 86.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $3,165 per month. Households that rent pay about 15.26% of their income on rent here. Hamburg’s most expensive areas are in the eastern 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
- Suttle, AL: higher priced homes
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- Marion Junction, AL: less expensive homes
- Potter, AL: equally priced homes
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Cities with Similar Populations
- Twin Branch, WV: less expensive homes
- Unionville, OH: higher priced homes
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- Twomile, OR: higher priced homes
- Twin Creeks, MT: higher priced homes
- Upper Brandon, VA: higher priced homes
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