Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Newell area can be challenging. Home prices in Newell are now at a median cost of $118,796, lower than the Alabama average of $185,232.
The average cost of rent is $586/mo in Newell, primarily driven by the current value of real estate in the Newell area. While nearly 61.45% of residents own their homes outright in Newell, 12.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newell is $4,510 per month. Households that rent pay about 12.99% of their income on rent here. Newell's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Morrison Crossroads, AL: higher priced homes
- Wedowee, AL: higher priced homes
- Haywood, AL: higher priced homes
- Micaville, AL: equally priced homes
- Woodland, AL: higher priced homes
- Graham, AL: less expensive homes
- Hightower, AL: equally priced homes
- Lecta, AL: less expensive homes
- Ranburne, AL: higher priced homes
- Arbacoochee, AL: equally priced homes
Cities with Similar Populations
- Anderson, TX: higher priced homes
- Pearlington, MS: less expensive homes
- Narrowsburg, NY: higher priced homes
- New Enterprise, PA: higher priced homes
- New Sight, MS: less expensive homes
- North Cedar, IA: higher priced homes
- North Creek, NY: higher priced homes
- North Woodstock, NH: higher priced homes
- Oak Ridge, TX: less expensive homes
- Osmond, NE: higher priced homes
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