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These days, finding an affordable place to live in the Ofelia area can be challenging. Home prices in Ofelia are now at a median cost of $283,578, higher than the Alabama average of $228,911.
The average cost of rent is $722/mo in Ofelia, primarily driven by the current value of real estate in the Ofelia area. In Ofelia, 21.07% of households rent, and 67.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ofelia is $5,650 per month. Households that rent pay about 12.78% of their income on rent here. Ofelia’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Haywood, AL: equally priced homes
- Lineville, AL: less expensive homes
- Wedowee, AL: less expensive homes
- Cragford, AL: less expensive homes
- Morrison Crossroads, AL: less expensive homes
- Delta, AL: less expensive homes
- Cornhouse, AL: less expensive homes
- Newell, AL: less expensive homes
- Highland, AL: less expensive homes
- White Signboard Crossroad, AL: less expensive homes
Cities with Similar Populations
- New Hope, TX: higher priced homes
- Ravencliff, WV: less expensive homes
- Rankin, IL: less expensive homes
- Raisin, CA: equally priced homes
- Pryorsburg, KY: less expensive homes
- Prospect Harbor, ME: equally priced homes
- Preston, MO: equally priced homes
- Preston Hollow, NY: less expensive homes
- Presho, SD: less expensive homes
- Portland, WI: equally priced homes
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