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Affordable
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These days, finding an affordable place to live in the Mignon area can be challenging. Home prices in Mignon are now at a median cost of $79,858, lower than the Alabama average of $228,911.
The average cost of rent is $709/mo in Mignon, primarily driven by the current value of real estate in the Mignon area. In Mignon, 45.76% of households rent, and 57.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mignon is $3,126 per month. Households that rent pay about 22.67% of their income on rent here. Mignon’s most expensive areas are in the northeastern 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
- Sylacauga, AL: higher priced homes
- Oak Grove, AL: higher priced homes
- Odena, AL: higher priced homes
- Oldfield, AL: higher priced homes
- Overbrook, AL: higher priced homes
- Bon Air, AL: higher priced homes
- Sycamore, AL: higher priced homes
- Hollins, AL: equally priced homes
- Childersburg, AL: higher priced homes
- Weogufka, AL: higher priced homes
Cities with Similar Populations
- Hector, MN: higher priced homes
- Clarissa, MN: higher priced homes
- Colo, IA: higher priced homes
- Dalton, MN: higher priced homes
- Dexter, KY: higher priced homes
- Dublin, NH: higher priced homes
- East Brady, PA: higher priced homes
- East Hartland, CT: higher priced homes
- Empire City, OK: higher priced homes
- Faber, VA: higher priced homes
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