Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the London area can be challenging. Home prices in London are now at a median cost of $77,358, lower than the Alabama average of $185,232.
The average cost of rent is $719/mo in London, primarily driven by the current value of real estate in the London area. While nearly 72.09% of residents own their homes outright in London, 23.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in London is $3,017 per month. Households that rent pay about 23.82% of their income on rent here. London's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
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