Mountain Brook, Alabama Real Estate & Housing Market

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Mountain Brook Housing Information

Index	Mountain Brook	Alabama	National
Median home price	$557,300	$128,500	$184,700
Median rent asked	$1,099	$728	$949
Avg. people per household	2.6	2.5	2.6
Owner occupied households	87.6%	68.5%	63.6%
Renter occupied households	12.4%	31.5%	36.4%

Above, you will see a summary of real estate in Mountain Brook, AL. On average, homes in Mountain Brook, AL cost $557,300, a value that is 334% higher than the average in Alabama. In general terms, this results in Mountain Brook, AL real estate being less affordable than Alabama real estate. On average, people who rent houses in Mountain Brook, AL pay $1,099; this value is 51% higher than the average amount renters pay in Alabama. 87.6% of Mountain Brook, AL residents own their own homes and, on average, each of the homes has 2.6 occupants. Mountain Brook, AL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Mountain Brook, AL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Mountain Brook Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Mountain Brook, AL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Mountain Brook, AL’s median home price stands at $557,300 while $129,777 is the value of the average household income. The resulting home price to income ratio, which is 4.3x, differs from the Alabama average as the ratio is 50% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Mountain Brook, AL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Mountain Brook, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Cardiff, AL	58	$0	100%
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%
Mountain Brook, AL	20,532	$557,300	202%

Cities with similar population

City, State	Population	Home Price	National Avg.
Pleasantville, NJ	20,532	$157,900	15%
Lebanon, OH	20,536	$163,800	11%
Nixa, MO	20,520	$135,400	27%
Silverdale, WA	20,546	$271,200	47%
Sapulpa, OK	20,546	$106,900	42%
Mountain Brook, AL	20,532	$557,300	202%

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