Aliceville, Alabama Real Estate & Housing Market

Aliceville, AL Listings

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Aliceville Housing Information

Index	Aliceville	Alabama	National
Median home price	$97,500	$128,500	$184,700
Median rent asked	$398	$728	$949
Avg. people per household	2.8	2.5	2.6
Owner occupied households	43.9%	68.5%	63.6%
Renter occupied households	56.1%	31.5%	36.4%

The above shows an overview of the real estate market in Aliceville, AL. Note how the median home price for Aliceville, AL runs $97,500, which is 24% lower than the average property price for Alabama. So you’re going to get real estate in Aliceville, AL that is on-average more affordable than what you’ll find in the rest of Alabama. As for rent, the median for Aliceville, AL runs $398, which is comparatively 45% lower than the average rent for Alabama. For Aliceville, AL, about 43.9% of the population consist of home owners with about 2.8 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Aliceville, AL offers a wide variety of real estate. To find your perfect home in Aliceville, AL, filter your choice by price, location, and number of beds and baths using the search area above.

Aliceville Home Affordability

When deciding where to purchase Aliceville, AL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Aliceville, AL the median home price is $97,500 and $19,926 is the median household income. As a result, the home price to income ratio in Aliceville, AL is 4.9x, which is 70% higher than the Alabama average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Aliceville, AL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Aliceville, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Panola, AL	5	$0	100%
McMullen, AL	7	$0	100%
Memphis, AL	47	$0	100%
Pickensville, AL	827	$49,700	73%
Union, AL	260	$74,600	60%
Aliceville, AL	3,218	$97,500	47%

Cities with similar population

City, State	Population	Home Price	National Avg.
Fairfield, ME	3,218	$118,300	36%
Centerville, PA	3,217	$116,100	37%
Ozona, TX	3,217	$75,400	59%
Ranger, TX	3,219	$49,600	73%
Brackenridge, PA	3,220	$73,000	60%
Aliceville, AL	3,218	$97,500	47%

Source: The Aliceville, AL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).