Expensive
Affordable
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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 $70,655, lower than the Alabama average of $228,911.
The average cost of rent is $674/mo in Hannon, primarily driven by the current value of real estate in the Hannon area. In Hannon, 20.26% of households rent, and 64.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hannon is $3,124 per month. Households that rent pay about 21.59% of their income on rent here. Hannon’s most expensive areas are in the southwestern 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
- Roba, AL: equally priced homes
- Rutherford, AL: higher priced homes
- Hurtsboro, AL: higher priced homes
- Enon, AL: higher priced homes
- Davisville, AL: less expensive homes
- Three Notch, AL: higher priced homes
- Hardaway, AL: higher priced homes
- Fort Davis, AL: less expensive homes
- Armstrong, AL: higher priced homes
- Wende, AL: higher priced homes
Cities with Similar Populations
- Pleasant Grove Estates, AL: higher priced homes
- Pond Gap, WV: equally priced 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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