The Most Affordable Neighborhoods in Millers Ferry, AL by Home Value

 

Millers Ferry, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Millers Ferry area can be challenging. Home prices in Millers Ferry are now at a median cost of $46,922, lower than the Alabama average of $185,232.

The average cost of rent is $674/mo in Millers Ferry, primarily driven by the current value of real estate in the Millers Ferry area. While nearly 67.23% of residents own their homes outright in Millers Ferry, 18.85% rent.

Housing affordability isn’t just about home prices, though. The average household income in Millers Ferry is $3,915 per month. Households that rent pay about 17.22% of their income on rent here. Millers Ferry's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.


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