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Affordable
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These days, finding an affordable place to live in the Octagon area can be challenging. Home prices in Octagon are now at a median cost of $91,343, lower than the Alabama average of $228,911.
The average cost of rent is $574/mo in Octagon, primarily driven by the current value of real estate in the Octagon area. In Octagon, 45.41% of households rent, and 74.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Octagon is $2,213 per month. Households that rent pay about 25.95% of their income on rent here. Octagon’s most expensive areas are in the northern 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
- Miller, AL: higher priced homes
- Linden, AL: equally priced homes
- Magnolia, AL: equally priced homes
- Nanafalia, AL: less expensive homes
- Wayne, AL: less expensive homes
- Thomaston, AL: less expensive homes
- Providence, AL: higher priced homes
- Sweet Water, AL: less expensive homes
- Dayton, AL: less expensive homes
- Lamison, AL: less expensive homes
Cities with Similar Populations
- Arvada, WY: higher priced homes
- West Bend, AL: less expensive homes
- West Austintown, OH: higher priced homes
- Wellington, ME: higher priced homes
- West Stonington, ME: higher priced homes
- West Union, PA: higher priced homes
- Wetipquin, MD: higher priced homes
- Wewela, SD: higher priced homes
- Aycock, LA: equally priced homes
- Avalon Beach, FL: higher priced homes
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