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Affordable
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These days, finding an affordable place to live in the Lipscomb area can be challenging. Home prices in Lipscomb are now at a median cost of $102,690, lower than the Alabama average of $228,911.
The average cost of rent is $1,132/mo in Lipscomb, primarily driven by the current value of real estate in the Lipscomb area. In Lipscomb, 32.85% of households rent, and 46.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lipscomb is $4,055 per month. Households that rent pay about 27.91% of their income on rent here. Lipscomb’s most expensive areas are in the northern 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
- Brighton, AL: less expensive homes
- Midfield, AL: higher priced homes
- Fairfield, AL: higher priced homes
- Dolomite, AL: higher priced homes
- Bessemer, AL: higher priced homes
- Hueytown, AL: higher priced homes
- Pleasant Grove, AL: higher priced homes
- McDonald Chapel, AL: equally priced homes
- Homewood, AL: higher priced homes
- Hoover, AL: higher priced homes
Cities with Similar Populations
- Cascade, WI: higher priced homes
- Taylor Ridge, IL: higher priced homes
- Stinnett, TX: higher priced homes
- Startzville, TX: higher priced homes
- Wappapello, MO: higher priced homes
- Cusseta, AL: higher priced homes
- Conneaut Lake, PA: higher priced homes
- Wellington, TX: equally priced homes
- Chaptico, MD: higher priced homes
- Worthington, IN: higher priced homes
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