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These days, finding an affordable place to live in the Letcher area can be challenging. Home prices in Letcher are now at a median cost of $127,541, lower than the Alabama average of $228,911.
The average cost of rent is $738/mo in Letcher, primarily driven by the current value of real estate in the Letcher area. In Letcher, 20.54% of households rent, and 63.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Letcher is $3,722 per month. Households that rent pay about 19.83% of their income on rent here. Letcher’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Skyline, AL: equally priced homes
- Pleasant Groves, AL: higher priced homes
- Larkinsville, AL: higher priced homes
- Trenton, AL: equally priced homes
- Lim Rock, AL: higher priced homes
- Pikeville, AL: higher priced homes
- Kyles, AL: higher priced homes
- Hollytree, AL: higher priced homes
- Scottsboro, AL: higher priced homes
- Swaim, AL: higher priced homes
Cities with Similar Populations
- Howard, TX: higher priced homes
- Kendrick, MS: equally priced homes
- Johnsville, TX: higher priced homes
- Jewett, NY: higher priced homes
- Jamestown, KS: equally priced homes
- Irondale, VA: higher priced homes
- Iona, NJ: higher priced homes
- Ingold, NC: less expensive homes
- Indian Lake, PA: higher priced homes
- Hunters, WA: higher priced homes
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