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These days, finding an affordable place to live in the Hamilton area can be challenging. Home prices in Hamilton are now at a median cost of $113,342, lower than the Alabama average of $228,911.
The average cost of rent is $626/mo in Hamilton, primarily driven by the current value of real estate in the Hamilton area. In Hamilton, 28.40% of households rent, and 68.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamilton is $5,355 per month. Households that rent pay about 11.69% of their income on rent here. Hamilton’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Weston, AL: equally priced homes
- Fulton Bridge, AL: equally priced homes
- Bexar, AL: equally priced homes
- Wiginton, AL: equally priced homes
- Detroit, AL: equally priced homes
- Hackleburg, AL: less expensive homes
- Twin, AL: higher priced homes
- Piney Grove, AL: less expensive homes
- Tremont, MS: higher priced homes
- Whitehouse, AL: less expensive homes
Cities with Similar Populations
- Adel, GA: higher priced homes
- Sullivan, MO: higher priced homes
- Beaufort, NC: higher priced homes
- Scotchtown, NY: higher priced homes
- Alliance, NE: higher priced homes
- Alexandria, IN: higher priced homes
- Albion, NY: equally priced homes
- Ahoskie, NC: higher priced homes
- Aguirre, PR: equally priced homes
- Akron, NY: higher priced homes
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