The Most Affordable Neighborhoods in Silver Run, AL by Home Value

 

Silver Run, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Silver Run area can be challenging. Home prices in Silver Run are now at a median cost of $205,200, higher than the Alabama average of $185,232.

The average cost of rent is $1,088/mo in Silver Run, primarily driven by the current value of real estate in the Silver Run area. While nearly 41.32% of residents own their homes outright in Silver Run, 20.36% rent.

Housing affordability isn’t just about home prices, though. The average household income in Silver Run is $8,196 per month. Households that rent pay about 13.28% of their income on rent here. Silver Run's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.


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