Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Inverness area can be challenging. Home prices in Inverness are now at a median cost of $77,000, lower than the Alabama average of $185,232.
The average cost of rent is $486/mo in Inverness, primarily driven by the current value of real estate in the Inverness area. While nearly 62.59% of residents own their homes outright in Inverness, 33.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Inverness is $4,731 per month. Households that rent pay about 10.27% of their income on rent here. Inverness's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Perote, AL: equally priced homes
- Postoak, AL: higher priced homes
- Bruceville, AL: equally priced homes
- Blues Old Stand, AL: higher priced homes
- Saco, AL: higher priced homes
- Union Springs, AL: equally priced homes
- Almeria, AL: equally priced homes
- Armstrong, AL: less expensive homes
- Thompson, AL: less expensive homes
- Hardaway, AL: equally priced homes
Cities with Similar Populations
- Shageluk, AK: less expensive homes
- Linthicum Heights, MD: higher priced homes
- Linwood, GA: higher priced homes
- Lithia, MA: higher priced homes
- Little America, IL: higher priced homes
- Little Miami, GA: less expensive homes
- Little Milligan, TN: higher priced homes
- Little Plymouth, VA: higher priced homes
- Little Point Sable, MI: higher priced homes
- Lower San Francisco Plaza, NM: higher priced homes
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