Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the South East Lake area can be challenging. Home prices in South East Lake are now at a median cost of $144,550, lower than the Birmingham average of $276,622.
The average cost of rent is $1,100/mo in South East Lake, primarily driven by the current value of real estate in the South East Lake area. In South East Lake, 53.32% of households rent, and 60.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South East Lake is $3,383 per month. Households that rent pay about 32.51% of their income on rent here. South East Lake’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Roebuck, Birmingham, AL: less expensive homes
- Huffman, Birmingham, AL: higher priced homes
- Crestline, Birmingham, AL: higher priced homes
- Spring Lake, Birmingham, AL: higher priced homes
- Forest Park, Birmingham, AL: higher priced homes
- Echo Highlands, Birmingham, AL: higher priced homes
- Highland Park, Birmingham, AL: higher priced homes
- Norwood, Birmingham, AL: higher priced homes
- Southside, Birmingham, AL: higher priced homes
- Redmont Park, Birmingham, AL: higher priced homes
Neighborhoods with Similar Populations
- Belaire, San Angelo, TX: less expensive homes
- Boca Teeca, Boca Raton, FL: higher priced homes
- Canterbury Green, Fort Wayne, IN: higher priced homes
- Central Hammond, Hammond, IN: equally priced homes
- Confederate Point, Jacksonville, FL: higher priced homes
- Corn Hill, Rochester, NY: higher priced homes
- Dicken, Ann Arbor, MI: higher priced homes
- Downtown Bradenton, Bradenton, FL: higher priced homes
- Las Palmas, San Antonio, TX: less expensive homes
- Eastside, Binghamton, NY: less expensive homes
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