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Affordable
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These days, finding an affordable place to live in the McDowell area can be challenging. Home prices in McDowell are now at a median cost of $219,581, lower than the Alabama average of $228,911.
The average cost of rent is $760/mo in McDowell, primarily driven by the current value of real estate in the McDowell area. In McDowell, 35.53% of households rent, and 65.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in McDowell is $6,840 per month. Households that rent pay about 11.11% of their income on rent here. McDowell’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
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Cities with Similar Populations
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- Chesterfield, ID: higher priced homes
- Sandy Pond, NY: equally priced homes
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