Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hannon area can be challenging. Home prices in Hannon are now at a median cost of $68,611, lower than the Alabama average of $185,232.
The average cost of rent is $548/mo in Hannon, primarily driven by the current value of real estate in the Hannon area. While nearly 64.23% of residents own their homes outright in Hannon, 29.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hannon is $2,392 per month. Households that rent pay about 22.92% of their income on rent here. Hannon's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Roba, AL: equally priced homes
- Rutherford, AL: equally priced homes
- Hurtsboro, AL: equally priced homes
- Enon, AL: higher priced homes
- Davisville, AL: equally priced homes
- Three Notch, AL: equally priced homes
- Hardaway, AL: higher priced homes
- Fort Davis, AL: less expensive homes
- Armstrong, AL: equally priced homes
- Wende, AL: higher priced homes
Cities with Similar Populations
- Pleasant Grove Estates, AL: higher priced homes
- Pond Gap, WV: less expensive homes
- Point Isabel, IN: higher priced homes
- Point Caswell, NC: higher priced homes
- Pocono Manor, PA: higher priced homes
- Pliny, WV: higher priced homes
- Pleasant Run, WV: higher priced homes
- Pleasant Ridge, TN: higher priced homes
- Pleasant Hill, KY: higher priced homes
- Poplar City, IL: higher priced homes
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