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Affordable
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These days, finding an affordable place to live in the Vance area can be challenging. Home prices in Vance are now at a median cost of $216,452, lower than the Alabama average of $228,911.
The average cost of rent is $1,229/mo in Vance, primarily driven by the current value of real estate in the Vance area. In Vance, 10.02% of households rent, and 36.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vance is $7,773 per month. Households that rent pay about 15.81% of their income on rent here. Vance’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Giles, AL: higher priced homes
- Woodstock, AL: equally priced homes
- Brookwood, AL: less expensive homes
- East Brookwood, AL: equally priced homes
- Coaling, AL: equally priced homes
- Abernant, AL: higher priced homes
- Green Pond, AL: less expensive homes
- West Blocton, AL: less expensive homes
- Smith Hill, AL: less expensive homes
- Lake View, AL: higher priced homes
Cities with Similar Populations
- Lake George, NY: higher priced homes
- Windham, OH: less expensive homes
- Windom, MN: less expensive homes
- Windsor Heights, IA: higher priced homes
- Windsor, NY: less expensive homes
- Windsor, PA: equally priced homes
- Windsor, VA: higher priced homes
- Windsor, VT: equally priced homes
- Windsor, WI: higher priced homes
- Lake, MI: less expensive homes
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