The Most Affordable Neighborhoods in Walter, AL by Home Value

 

Walter, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Walter area can be challenging. Home prices in Walter are now at a median cost of $161,652, lower than the Alabama average of $185,232.

The average cost of rent is $777/mo in Walter, primarily driven by the current value of real estate in the Walter area. While nearly 52.11% of residents own their homes outright in Walter, 35.77% rent.

Housing affordability isn’t just about home prices, though. The average household income in Walter is $2,967 per month. Households that rent pay about 26.18% of their income on rent here. Walter's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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