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These days, finding an affordable place to live in the Lane Springs area can be challenging. Home prices in Lane Springs are now at a median cost of $168,800, lower than the Alabama average of $228,911.
The average cost of rent is $793/mo in Lane Springs, primarily driven by the current value of real estate in the Lane Springs area. In Lane Springs, 12.28% of households rent, and 72.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lane Springs is $4,362 per month. Households that rent pay about 18.18% of their income on rent here. Lane Springs’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lime Kiln, AL: equally priced homes
- Wright, AL: higher priced homes
- Riverton, AL: equally priced homes
- Cherokee, AL: less expensive homes
- Gravelly Springs, AL: less expensive homes
- Smithsonia, AL: less expensive homes
- Margerum, AL: equally priced homes
- Rhodesville, AL: equally priced homes
- Waterloo, AL: higher priced homes
- Mount Hester, AL: less expensive homes
Cities with Similar Populations
- Teges, KY: less expensive homes
- Turck, KS: less expensive homes
- Bard, NM: less expensive homes
- Turnagain Heights, AK: higher priced homes
- Bear Grass, NC: less expensive homes
- Brisbon, GA: higher priced homes
- Bedrock, CO: equally priced homes
- Three Rocks, OR: higher priced homes
- Belvedere, OH: equally priced homes
- Benge, WA: equally priced homes
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