Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Speed area can be challenging. Home prices in Speed are now at a median cost of $323,397, higher than the Alabama average of $185,232.
The average cost of rent is $521/mo in Speed, primarily driven by the current value of real estate in the Speed area. While nearly 72.35% of residents own their homes outright in Speed, 11.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Speed is $9,067 per month. Households that rent pay about 5.75% of their income on rent here. Speed's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Hissop, AL: less expensive homes
- Lightwood, AL: less expensive homes
- Titus, AL: less expensive homes
- Equality, AL: equally priced homes
- Cottage Grove, AL: less expensive homes
- Nixburg, AL: less expensive homes
- Seman, AL: higher priced homes
- Holtville, AL: less expensive homes
- Santuck, AL: less expensive homes
- Pine Flat, AL: less expensive homes
Cities with Similar Populations
- New Floodwood, OH: less expensive homes
- New Lexington, PA: less expensive homes
- New Lebanon, PA: less expensive homes
- New Lebanon, IN: less expensive homes
- New Hope, NY: less expensive homes
- New Haven Center, MI: less expensive homes
- New Harmony, MS: less expensive homes
- New Hampden, VA: less expensive homes
- New Germantown, PA: less expensive homes
- New Liberty, OK: less expensive homes
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