Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lomax area can be challenging. Home prices in Lomax are now at a median cost of $159,615, lower than the Alabama average of $185,232.
The average cost of rent is $797/mo in Lomax, primarily driven by the current value of real estate in the Lomax area. While nearly 48.80% of residents own their homes outright in Lomax, 11.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lomax is $6,213 per month. Households that rent pay about 12.83% of their income on rent here. Lomax's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Thorsby, AL: less expensive homes
- Collins Chapel, AL: equally priced homes
- Jemison, AL: less expensive homes
- Clanton, AL: equally priced homes
- Wessington, AL: less expensive homes
- Minooka, AL: less expensive homes
- South Calera, AL: higher priced homes
- Randolph, AL: less expensive homes
- Wilton, AL: less expensive homes
- Shelby, AL: higher priced homes
Cities with Similar Populations
- Guernsey, IA: less expensive homes
- Hasty, AR: less expensive homes
- Hartshorn, MO: less expensive homes
- Harriston, MS: less expensive homes
- Harrison, WV: less expensive homes
- Harrisburg Junction, UT: higher priced homes
- Harper, IA: equally priced homes
- Harding, GA: less expensive homes
- Hardesty, OK: less expensive homes
- Hanson, OK: less expensive homes
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