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 $101,384, lower than the Alabama average of $228,911.

The average cost of rent is $889/mo in Millers Ferry, primarily driven by the current value of real estate in the Millers Ferry area. In Millers Ferry, 16.33% of households rent, and 75.79% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Millers Ferry is $5,502 per month. Households that rent pay about 16.16% of their income on rent here. Millers Ferry’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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