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These days, finding an affordable place to live in the Margaret area can be challenging. Home prices in Margaret are now at a median cost of $222,237, lower than the Alabama average of $228,911.
The average cost of rent is $1,298/mo in Margaret, primarily driven by the current value of real estate in the Margaret area. In Margaret, 14.12% of households rent, and 27.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Margaret is $7,832 per month. Households that rent pay about 16.57% of their income on rent here. Margaret’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Argo, AL: higher priced homes
- Odenville, AL: higher priced homes
- Moody, AL: equally priced homes
- Cook Springs, AL: less expensive homes
- St. Clair Springs, AL: equally priced homes
- Trussville, AL: higher priced homes
- Springville, AL: higher priced homes
- Clay, AL: equally priced homes
- Springville Lake Estates, AL: higher priced homes
- Leeds, AL: equally priced homes
Cities with Similar Populations
- Smiths Grove, KY: less expensive homes
- Amery, WI: higher priced homes
- Adamsville, AL: less expensive homes
- Rougemont, NC: higher priced homes
- Woods Creek, WA: higher priced homes
- Newbern, TN: less expensive homes
- New Market, MD: higher priced homes
- New Market, VA: higher priced homes
- New Providence, PA: equally priced homes
- New Tripoli, PA: higher priced homes
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