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Affordable
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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 $209,972, lower than the Alabama average of $228,911.
The average cost of rent is $710/mo in Speed, primarily driven by the current value of real estate in the Speed area. In Speed, 6.37% of households rent, and 71.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Speed is $4,534 per month. Households that rent pay about 15.66% of their income on rent here. Speed’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hissop, AL: less expensive homes
- Lightwood, AL: higher priced homes
- Titus, AL: higher priced homes
- Equality, AL: higher priced homes
- Cottage Grove, AL: less expensive homes
- Nixburg, AL: higher priced homes
- Seman, AL: higher priced homes
- Holtville, AL: higher priced homes
- Santuck, AL: equally priced homes
- Pine Flat, AL: higher priced homes
Cities with Similar Populations
- New Floodwood, OH: less expensive homes
- New Lexington, PA: less expensive homes
- New Lebanon, PA: equally priced homes
- New Lebanon, IN: less expensive homes
- New Hope, NY: less expensive homes
- New Haven Center, MI: equally priced homes
- New Harmony, MS: equally priced homes
- New Hampden, VA: equally priced homes
- New Germantown, PA: less expensive homes
- New Liberty, OK: less expensive homes
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