Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Terrace Hills area can be challenging. Home prices in Terrace Hills are now at a median cost of $190,218, lower than the Mobile average of $211,057.
The average cost of rent is $1,393/mo in Terrace Hills, primarily driven by the current value of real estate in the Terrace Hills area. In Terrace Hills, 31.80% of households rent, and 36.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Terrace Hills is $4,756 per month. Households that rent pay about 29.28% of their income on rent here. Terrace Hills’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Canterbury, Mobile, AL: higher priced homes
- Skyland Park, Mobile, AL: higher priced homes
- Malibar Heights, Mobile, AL: equally priced homes
- Claremont, Mobile, AL: higher priced homes
- Milkhouse, Mobile, AL: higher priced homes
- Airmont, Mobile, AL: equally priced homes
- Overton, Mobile, AL: higher priced homes
- Jackson Heights, Mobile, AL: equally priced homes
- Berkleigh, Mobile, AL: higher priced homes
- Bolton, Mobile, AL: equally priced homes
Neighborhoods with Similar Populations
- Stevens Square, Minneapolis, MN: higher priced homes
- California, Louisville, KY: less expensive homes
- Cameron Park, Billings, MT: higher priced homes
- Canfield Manor, Mount Clemens, MI: less expensive homes
- Central, Helena, MT: higher priced homes
- Central Park, Superior, WI: equally priced homes
- Chabot Park, Oakland, CA: higher priced homes
- Chaffee Park, Denver, CO: higher priced homes
- Claremont, Berkeley, CA: higher priced homes
- Clayton, Denver, CO: higher priced homes
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