Indian Springs Village, Alabama Real Estate & Housing Market

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Indian Springs Village Housing Information

Index	Indian Springs Village	Alabama	National
Median home price	$323,000	$128,500	$184,700
Median rent asked	n/a	$728	$949
Avg. people per household	2.5	2.5	2.6
Owner occupied households	92.8%	68.5%	63.6%
Renter occupied households	7.2%	31.5%	36.4%

Above, you'll find an overview of the real estate market in Indian Springs Village, AL. Generally, real estate in the Indian Springs Village, AL area is less affordable in Alabama, as the median price of a home in Indian Springs Village, AL is $323,000, which is 151% higher than the Alabama average. The median rental price in Indian Springs Village, AL is n/a. This is equal to the average rental price in Alabama. Home owners comprise 92.8% of the population of Indian Springs Village, AL, where an average of 2.5 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Indian Springs Village, AL. Below, you can search for real estate listings in Indian Springs Village, AL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Indian Springs Village Home Affordability

When searching for real estate in Indian Springs Village, AL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Indian Springs Village, AL, the median house price is $323,000, while the median income for households in the area is $100,078. Therefore, the ratio of house price to income is 3.2x; this ratio is 12% higher than the average in Alabama. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Indian Springs Village, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Brantleyville, AL	1,110	$29,200	84%
Lipscomb, AL	2,437	$50,200	73%
Mulga, AL	967	$50,600	73%
McDonald Chapel, AL	519	$59,100	68%
Brighton, AL	2,868	$64,400	65%
Indian Springs Village, AL	2,529	$323,000	75%

Cities with similar population

City, State	Population	Home Price	National Avg.
Prudhoe Bay, AK	2,530	$0	100%
Lockport, LA	2,528	$105,900	43%
Turley, OK	2,528	$45,300	75%
Tiffin, IA	2,530	$186,000	1%
Bayfield, CO	2,527	$247,400	34%
Indian Springs Village, AL	2,529	$323,000	75%

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