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Affordable
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These days, finding an affordable place to live in the Shady Grove area can be challenging. Home prices in Shady Grove are now at a median cost of $141,340, lower than the Alabama average of $228,911.
The average cost of rent is $756/mo in Shady Grove, primarily driven by the current value of real estate in the Shady Grove area. In Shady Grove, 10.46% of households rent, and 61.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shady Grove is $5,545 per month. Households that rent pay about 13.63% of their income on rent here. Shady Grove’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pinkneyville, AL: higher priced homes
- Millerville, AL: higher priced homes
- Carr Mill, AL: higher priced homes
- Goodwater, AL: less expensive homes
- Hackneyville, AL: less expensive homes
- Harkins Crossroads, AL: higher priced homes
- Parkdale, AL: equally priced homes
- Hollins, AL: less expensive homes
- Soleo, AL: less expensive homes
- Ashland, AL: higher priced homes
Cities with Similar Populations
- Dyer Brook, ME: equally priced homes
- Swiftwater, NH: higher priced homes
- Suwannee, FL: higher priced homes
- Sutherland, KY: higher priced homes
- Surf, CA: higher priced homes
- Sunbury, IL: higher priced homes
- East Greenwich, NY: higher priced homes
- East Franklin, ME: higher priced homes
- Eagle Harbor, MD: higher priced homes
- Eagarville, IL: less expensive homes
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