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Affordable
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These days, finding an affordable place to live in the Mount Olive area can be challenging. Home prices in Mount Olive are now at a median cost of $231,057, higher than the Alabama average of $228,911.
The average cost of rent is $1,170/mo in Mount Olive, primarily driven by the current value of real estate in the Mount Olive area. In Mount Olive, 14.51% of households rent, and 41.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Olive is $7,850 per month. Households that rent pay about 14.90% of their income on rent here. Mount Olive’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cardiff, AL: less expensive homes
- Gardendale, AL: higher priced homes
- Brookside, AL: less expensive homes
- Fultondale, AL: less expensive homes
- Sayre, AL: equally priced homes
- Graysville, AL: less expensive homes
- Morris, AL: equally priced homes
- Forestdale, AL: less expensive homes
- Adamsville, AL: less expensive homes
- Tarrant, AL: less expensive homes
Cities with Similar Populations
- East Freetown, MA: higher priced homes
- Ocean Bluff-Brant Rock, MA: higher priced homes
- Duquesne, PA: less expensive homes
- Dyersville, IA: equally priced homes
- Eagar, AZ: equally priced homes
- Eagle, WI: higher priced homes
- Early, TX: less expensive homes
- Earlysville, VA: higher priced homes
- East Bend, NC: equally priced homes
- East Bernstadt, KY: less expensive homes
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