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Affordable
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These days, finding an affordable place to live in the McElderry area can be challenging. Home prices in McElderry are now at a median cost of $96,324, lower than the Alabama average of $228,911.
The average cost of rent is $728/mo in McElderry, primarily driven by the current value of real estate in the McElderry area. In McElderry, 15.40% of households rent, and 53.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in McElderry is $4,944 per month. Households that rent pay about 14.72% of their income on rent here. McElderry’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Munford, AL: higher priced homes
- Jenifer, AL: less expensive homes
- Woolfolk, AL: higher priced homes
- Stockdale, AL: less expensive homes
- Silver Run, AL: higher priced homes
- Eastaboga, AL: higher priced homes
- Waldo, AL: less expensive homes
- Talladega, AL: higher priced homes
- Erin, AL: higher priced homes
- Campbells Crossroads, AL: higher priced homes
Cities with Similar Populations
- McNary, LA: higher priced homes
- Rexville, WA: higher priced homes
- Reno, KS: higher priced homes
- Reliance, WY: less expensive homes
- Millville, KY: higher priced homes
- Millerstown, KY: higher priced homes
- Milan, NY: higher priced homes
- Midlothian, OK: higher priced homes
- Middletown, IA: higher priced homes
- Michigan City, MS: equally priced homes
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