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Affordable
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These days, finding an affordable place to live in the Petrey area can be challenging. Home prices in Petrey are now at a median cost of $108,775, lower than the Alabama average of $228,911.
The average cost of rent is $740/mo in Petrey, primarily driven by the current value of real estate in the Petrey area. In Petrey, 12.46% of households rent, and 73.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Petrey is $3,959 per month. Households that rent pay about 18.68% of their income on rent here. Petrey’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Luverne, AL: higher priced homes
- Rutledge, AL: higher priced homes
- Patsburg, AL: higher priced homes
- Vidette, AL: higher priced homes
- Honoraville, AL: equally priced homes
- Wingard, AL: higher priced homes
- Henderson, AL: higher priced homes
- Goshen, AL: higher priced homes
- Pigeon Creek, AL: higher priced homes
- Glenwood, AL: higher priced homes
Cities with Similar Populations
- Green Lake, TX: higher priced homes
- Summerville, LA: less expensive homes
- Summertown, GA: equally priced homes
- Sula, MT: higher priced homes
- Harmon, OK: higher priced homes
- Haddam, KS: less expensive homes
- Gusher, UT: higher priced homes
- Gum Creek, TN: higher priced homes
- Guion, IN: higher priced homes
- Grove Lake, MN: higher priced homes
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