Home Price Key
Affordable
Average
Expensive
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 $82,100, lower than the Alabama average of $185,232.
The average cost of rent is $754/mo in Lane Springs, primarily driven by the current value of real estate in the Lane Springs area. While nearly 51.07% of residents own their homes outright in Lane Springs, 37.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lane Springs is $2,867 per month. Households that rent pay about 26.30% of their income on rent here. Lane Springs's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Lime Kiln, AL: equally priced homes
- Wright, AL: higher priced homes
- Riverton, AL: equally priced homes
- Cherokee, AL: equally priced homes
- Gravelly Springs, AL: higher priced homes
- Smithsonia, AL: higher priced homes
- Margerum, AL: equally priced homes
- Rhodesville, AL: higher priced homes
- Waterloo, AL: higher priced homes
- Mount Hester, AL: higher priced homes
Cities with Similar Populations
- Teges, KY: less expensive homes
- Turck, KS: equally priced homes
- Bard, NM: higher priced homes
- Turnagain Heights, AK: higher priced homes
- Bear Grass, NC: higher priced homes
- Brisbon, GA: higher priced homes
- Bedrock, CO: higher priced homes
- Three Rocks, OR: higher priced homes
- Belvedere, OH: higher priced homes
- Benge, WA: equally priced homes
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