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These days, finding an affordable place to live in the Ranburne area can be challenging. Home prices in Ranburne are now at a median cost of $260,602, higher than the Alabama average of $228,911.
The average cost of rent is $694/mo in Ranburne, primarily driven by the current value of real estate in the Ranburne area. In Ranburne, 12.53% of households rent, and 55.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ranburne is $7,456 per month. Households that rent pay about 9.30% of their income on rent here. Ranburne’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hightower, AL: less expensive homes
- Lecta, AL: equally priced homes
- Graham, AL: less expensive homes
- Bowdon, GA: equally priced homes
- Jonesville, GA: equally priced homes
- Arbacoochee, AL: less expensive homes
- Veal, GA: less expensive homes
- Ai, AL: less expensive homes
- Newell, AL: less expensive homes
- Micaville, AL: less expensive homes
Cities with Similar Populations
- Madison Park, NJ: higher priced homes
- Union, ME: equally priced homes
- Soso, MS: less expensive homes
- Rush, NY: equally priced homes
- Warners, NY: equally priced homes
- Ponce de Leon, FL: less expensive homes
- Weldon, TX: less expensive homes
- Wellton, AZ: less expensive homes
- Woodlynne, NJ: less expensive homes
- Moline, MI: higher priced homes
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