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Affordable
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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 $57,103, lower than the Alabama average of $228,911.
The average cost of rent is $856/mo in Panola, primarily driven by the current value of real estate in the Panola area. In Panola, 15.18% of households rent, and 80.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Panola is $2,998 per month. Households that rent pay about 28.56% of their income on rent here. Panola’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Geiger, AL: equally priced homes
- Warsaw, AL: higher priced homes
- Gainesville, AL: less expensive homes
- Giles, MS: higher priced homes
- Mount Hebron, AL: higher priced homes
- Millington, MS: higher priced homes
- Emelle, AL: higher priced homes
- Sumterville, AL: higher priced homes
- Hamner, AL: higher priced homes
- Scooba, MS: higher priced homes
Cities with Similar Populations
- Shelburne Falls, VT: higher priced homes
- Selma, IA: higher priced homes
- Selman City, TX: higher priced 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: higher priced homes
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