The Most Affordable Neighborhoods in Morrison Crossroads, AL by Home Value

 

Morrison Crossroads, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Morrison Crossroads area can be challenging. Home prices in Morrison Crossroads are now at a median cost of $248,800, higher than the Alabama average of $228,911.

The average cost of rent is $739/mo in Morrison Crossroads, primarily driven by the current value of real estate in the Morrison Crossroads area. In Morrison Crossroads, 16.37% of households rent, and 53.86% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Morrison Crossroads is $5,226 per month. Households that rent pay about 14.14% of their income on rent here. Morrison Crossroads’s most expensive areas are in the central 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.


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