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These days, finding an affordable place to live in the Margerum area can be challenging. Home prices in Margerum are now at a median cost of $168,800, lower than the Alabama average of $228,911.
The average cost of rent is $793/mo in Margerum, primarily driven by the current value of real estate in the Margerum area. In Margerum, 12.28% of households rent, and 72.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Margerum is $4,362 per month. Households that rent pay about 18.18% of their income on rent here. Margerum’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Hester, AL: less expensive homes
- Oldham, MS: equally priced homes
- Lime Kiln, AL: equally priced homes
- Cherokee, AL: less expensive homes
- Riverton, AL: equally priced homes
- Lane Springs, AL: equally priced homes
- Bishop, AL: equally priced homes
- Iuka, MS: equally priced homes
- Maud, AL: equally priced homes
- Mynot, AL: less expensive homes
Cities with Similar Populations
- El Mirage, CA: higher priced homes
- Friendly Corners, AZ: higher priced homes
- Fox Creek, CO: higher priced homes
- Fowlerville, NY: equally priced homes
- Forestburg, SD: equally priced homes
- Fitzgerald, AR: less expensive homes
- Fieldton, TX: less expensive homes
- Ficklin, IL: higher priced homes
- Feesburg, OH: equally priced homes
- Eve, MO: less expensive homes
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