Athens, Alabama Real Estate & Housing Market

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Athens Housing Information

Index	Athens	Alabama	National
Median home price	$139,400	$128,500	$184,700
Median rent asked	$614	$728	$949
Avg. people per household	2.5	2.5	2.6
Owner occupied households	64.2%	68.5%	63.6%
Renter occupied households	35.8%	31.5%	36.4%

The above shows an overview of the real estate market in Athens, AL. Note how the median home price for Athens, AL runs $139,400, which is 8% higher than the average property price for Alabama. So you’re going to get real estate in Athens, AL that is on-average less affordable than what you’ll find in the rest of Alabama. As for rent, the median for Athens, AL runs $614, which is comparatively 16% lower than the average rent for Alabama. For Athens, AL, about 64.2% of the population consist of home owners with about 2.5 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Athens, AL offers a wide variety of real estate. To find your perfect home in Athens, AL, filter your choice by price, location, and number of beds and baths using the search area above.

Athens Home Affordability

When deciding where to purchase Athens, 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 Athens, AL the median home price is $139,400 and $45,920 is the median household income. As a result, the home price to income ratio in Athens, AL is 3.0x, which is 6% 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 Athens, 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 Athens, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Lester, AL	131	$92,100	50%
Ardmore, AL	1,526	$98,800	47%
Hillsboro, AL	561	$103,800	44%
Ardmore, TN	1,269	$114,100	38%
Elkmont, AL	496	$123,300	33%
Athens, AL	24,461	$139,400	25%

Cities with similar population

City, State	Population	Home Price	National Avg.
Walker, MI	24,458	$148,400	20%
Mercer Island, WA	24,467	$956,200	418%
West Puente Valley, CA	24,476	$342,300	85%
San Benito, TX	24,442	$54,400	71%
South Bradenton, FL	24,428	$58,700	68%
Athens, AL	24,461	$139,400	25%

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