Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Water Valley area can be challenging. Home prices in Water Valley are now at a median cost of $71,787, lower than the Alabama average of $185,232.
The average cost of rent is $539/mo in Water Valley, primarily driven by the current value of real estate in the Water Valley area. While nearly 40.09% of residents own their homes outright in Water Valley, 19.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Water Valley is $2,926 per month. Households that rent pay about 18.42% of their income on rent here. Water Valley's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Melvin, AL: less expensive homes
- Needham, AL: less expensive homes
- Gilbertown, AL: higher priced homes
- Souwilpa, AL: higher priced homes
- Land, AL: less expensive homes
- Crandall, MS: higher priced homes
- Toxey, AL: higher priced homes
- Matherville, MS: higher priced homes
- Hodgewood, AL: higher priced homes
- Wimberly, AL: higher priced homes
Cities with Similar Populations
- Hunters, WA: higher priced homes
- Johnsville, TX: higher priced homes
- Johnstonville, GA: higher priced homes
- Jewett, NY: higher priced homes
- Jamestown, KS: higher priced homes
- Ironton, MI: higher priced homes
- Irondale, VA: higher priced homes
- Iona, NJ: higher priced homes
- Inguadona, MN: higher priced homes
- Ingold, NC: higher priced homes
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