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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 $83,303, lower than the Alabama average of $185,232.
The average cost of rent is $600/mo in Peterman, primarily driven by the current value of real estate in the Peterman area. While nearly 81.33% of residents own their homes outright in Peterman, 33.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peterman is $1,832 per month. Households that rent pay about 32.76% of their income on rent here. Peterman's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Tunnel Springs, AL: equally priced homes
- Pine Orchard, AL: higher priced homes
- Monroeville, AL: higher priced homes
- Nichburg, AL: higher priced homes
- Fountain, AL: higher priced homes
- Mexia, AL: higher priced homes
- Mexia Crossing, AL: higher priced homes
- Excel, AL: higher priced homes
- China, AL: higher priced homes
- Franklin, AL: equally priced 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: higher priced homes
- Fondis, CO: higher priced homes
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