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These days, finding an affordable place to live in the Steelwood area can be challenging. Home prices in Steelwood are now at a median cost of $409,900, higher than the Alabama average of $228,911.
The average cost of rent is $1,440/mo in Steelwood, primarily driven by the current value of real estate in the Steelwood area. In Steelwood, 19.65% of households rent, and 17.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Steelwood is $10,478 per month. Households that rent pay about 13.74% of their income on rent here. Steelwood’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Malbis, AL: less expensive homes
- Spanish Fort, AL: equally priced homes
- Bromley, AL: equally priced homes
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- Loxley, AL: less expensive homes
- Stapleton, AL: less expensive homes
- Rosinton, AL: less expensive homes
- Montrose, AL: equally priced homes
- Silverhill, AL: less expensive homes
- Robertsdale, AL: less expensive homes
Cities with Similar Populations
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- Horton, KY: less expensive homes
- Hopeful, GA: less expensive homes
- Hoods Crossroads, AL: less expensive homes
- Homer, IN: less expensive homes
- Holy Cross, WI: less expensive homes
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