Home Price Key
Affordable
Average
Expensive
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 $103,900, lower than the Alabama average of $185,232.
The average cost of rent is $399/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. While nearly 82.64% of residents own their homes outright in Hamburg, 3.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $2,277 per month. Households that rent pay about 17.52% of their income on rent here. Hamburg's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
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Cities with Similar Populations
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