The Most Affordable Neighborhoods in Our Town, AL by Home Value

 

Our Town, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Our Town area can be challenging. Home prices in Our Town are now at a median cost of $235,062, higher than the Alabama average of $185,232.

The average cost of rent is $583/mo in Our Town, primarily driven by the current value of real estate in the Our Town area. While nearly 56.22% of residents own their homes outright in Our Town, 6.82% rent.

Housing affordability isn’t just about home prices, though. The average household income in Our Town is $4,382 per month. Households that rent pay about 13.30% of their income on rent here. Our Town's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.


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