Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Panola area can be challenging. Home prices in Panola are now at a median cost of $101,590, lower than the Alabama average of $185,232.
The average cost of rent is $625/mo in Panola, primarily driven by the current value of real estate in the Panola area. While nearly 78.90% of residents own their homes outright in Panola, 17.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Panola is $4,187 per month. Households that rent pay about 14.92% of their income on rent here. Panola's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Geiger, AL: equally priced homes
- Warsaw, AL: less expensive homes
- Gainesville, AL: less expensive homes
- Giles, MS: less expensive homes
- Mount Hebron, AL: less expensive homes
- Millington, MS: less expensive homes
- Emelle, AL: less expensive homes
- Sumterville, AL: higher priced homes
- Hamner, AL: equally priced homes
- Scooba, MS: less expensive homes
Cities with Similar Populations
- Shelburne Falls, VT: higher priced homes
- Selma, IA: higher priced homes
- Selman City, TX: less expensive homes
- Severn, NC: higher priced homes
- Seward, KS: higher priced homes
- Sexton, IN: higher priced homes
- Shady Beach, SD: higher priced homes
- Shady Grove, VA: higher priced homes
- Shadyside, MI: higher priced homes
- Sharon, LA: less expensive homes
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