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These days, finding an affordable place to live in the Myrtlewood area can be challenging. Home prices in Myrtlewood are now at a median cost of $89,104, lower than the Alabama average of $228,911.
The average cost of rent is $782/mo in Myrtlewood, primarily driven by the current value of real estate in the Myrtlewood area. In Myrtlewood, 11.63% of households rent, and 71.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Myrtlewood is $3,157 per month. Households that rent pay about 24.76% of their income on rent here. Myrtlewood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tompkinsville, AL: less expensive homes
- Nanafalia, AL: less expensive homes
- Pennington, AL: equally priced homes
- Jefferson, AL: equally priced homes
- Linden, AL: equally priced homes
- Lavaca, AL: higher priced homes
- Jachin, AL: higher priced homes
- Octagon, AL: equally priced homes
- Sweet Water, AL: less expensive homes
- Providence, AL: higher priced homes
Cities with Similar Populations
- Willard, WA: higher priced homes
- Halsey, NE: higher priced homes
- Hambletville, NY: higher priced homes
- Hamletsburg, IL: higher priced homes
- Hannon, AL: less expensive homes
- Hanson, FL: higher priced homes
- Hartman, CO: higher priced homes
- Haskinville, NY: higher priced homes
- Willette, TN: higher priced homes
- Hallsville, NY: higher priced homes
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