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Affordable
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These days, finding an affordable place to live in the Peterman area can be challenging. Home prices in Peterman are now at a median cost of $105,305, lower than the Alabama average of $228,911.
The average cost of rent is $972/mo in Peterman, primarily driven by the current value of real estate in the Peterman area. In Peterman, 37.86% of households rent, and 73.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peterman is $3,726 per month. Households that rent pay about 26.08% of their income on rent here. Peterman’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tunnel Springs, AL: less expensive homes
- Pine Orchard, AL: higher priced homes
- Monroeville, AL: higher priced homes
- Nichburg, AL: higher priced homes
- Fountain, AL: less expensive homes
- Mexia, AL: higher priced homes
- Mexia Crossing, AL: higher priced homes
- Excel, AL: higher priced homes
- China, AL: higher priced homes
- Franklin, AL: less expensive homes
Cities with Similar Populations
- Esopus, NY: higher priced homes
- Summerset, IA: higher priced homes
- Sugarloaf Shores, FL: higher priced homes
- Sugar Hill, NH: higher priced homes
- Strickland, MI: higher priced homes
- Star Tannery, VA: higher priced homes
- Spurgeon, MO: higher priced homes
- Gossburg, TN: higher priced homes
- Forgan, OK: equally priced homes
- Fondis, CO: higher priced homes
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