Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Meadowbrook area can be challenging. Home prices in Meadowbrook are now at a median cost of $327,836, higher than the Alabama average of $185,232.
The average cost of rent is $1,361/mo in Meadowbrook, primarily driven by the current value of real estate in the Meadowbrook area. While nearly 40.39% of residents own their homes outright in Meadowbrook, 18.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Meadowbrook is $10,605 per month. Households that rent pay about 12.83% of their income on rent here. Meadowbrook's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Indian Springs Village, AL: equally priced homes
- Simmsville, AL: less expensive homes
- Vestavia Hills, AL: higher priced homes
- Sterrett, AL: higher priced homes
- Chelsea, AL: less expensive homes
- Hoover, AL: equally priced homes
- Mountain Brook, AL: higher priced homes
- Homewood, AL: higher priced homes
- Pelham, AL: less expensive homes
- Westover, AL: less expensive homes
Cities with Similar Populations
- Pea Ridge, AR: less expensive homes
- Phoenix, MD: higher priced homes
- Philomath, OR: higher priced homes
- Pevely, MO: less expensive homes
- Perry Heights, OH: less expensive homes
- Penn Yan, NY: less expensive homes
- Penitas, TX: less expensive homes
- Pelham, NY: higher priced homes
- Pelham, GA: less expensive homes
- Phoenix, OR: less expensive homes
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