Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hodgewood area can be challenging. Home prices in Hodgewood are now at a median cost of $159,300, lower than the Alabama average of $185,232.
The average cost of rent is $539/mo in Hodgewood, primarily driven by the current value of real estate in the Hodgewood area. While nearly 89.71% of residents own their homes outright in Hodgewood, 16.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hodgewood is $2,327 per month. Households that rent pay about 23.16% of their income on rent here. Hodgewood's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Toxey, AL: less expensive homes
- Pleasant Hill, AL: less expensive homes
- Wimberly, AL: less expensive homes
- Needham, AL: less expensive homes
- Cromwell, AL: less expensive homes
- Gilbertown, AL: less expensive homes
- Land, AL: less expensive homes
- Water Valley, AL: less expensive homes
- Womack Hill, AL: less expensive homes
- Butler, AL: less expensive homes
Cities with Similar Populations
- Shive, TX: equally priced homes
- Madison, MD: higher priced homes
- Madrid Springs, NY: less expensive homes
- Magnolia, AL: less expensive homes
- Maple Grove, OH: less expensive homes
- Marshalls Corner, MD: higher priced homes
- Maxbass, ND: higher priced homes
- McComas, WV: less expensive homes
- Mcgrew, NE: equally priced homes
- Saratoga, KY: higher priced homes
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