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Affordable
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These days, finding an affordable place to live in the Montevallo area can be challenging. Home prices in Montevallo are now at a median cost of $192,494, lower than the Missouri average of $246,641.
The average cost of rent is $734/mo in Montevallo, primarily driven by the current value of real estate in the Montevallo area. In Montevallo, 23.91% of households rent, and 61.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montevallo is $4,522 per month. Households that rent pay about 16.24% of their income on rent here. Montevallo’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Virgil City, MO: equally priced homes
- Milo, MO: higher priced homes
- Osiris, MO: less expensive homes
- Sheldon, MO: equally priced homes
- Dederick, MO: less expensive homes
- Jerico Springs, MO: less expensive homes
- Walker, MO: less expensive homes
- El Dorado Springs, MO: less expensive homes
- Filley, MO: less expensive homes
- Nevada, MO: less expensive homes
Cities with Similar Populations
- Harrisburg, NE: equally priced homes
- Stillwater, OH: higher priced homes
- Steubenville, IN: higher priced homes
- Steen, MN: higher priced homes
- St. Thomas, MN: higher priced homes
- St. Martin, MN: higher priced homes
- St. Marie, MT: higher priced homes
- Hatton, MO: equally priced homes
- Hartford City, WV: less expensive homes
- Harrisonville, NJ: higher priced homes
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