Semmes, Alabama Real Estate & Housing Market

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Semmes Housing Information

Index	Semmes	Alabama	National
Median home price	$137,700	$128,500	$184,700
Median rent asked	$777	$728	$949
Avg. people per household	2.8	2.5	2.6
Owner occupied households	69.1%	68.5%	63.6%
Renter occupied households	30.9%	31.5%	36.4%

A general summary of the real estate market in Semmes, AL is listed above. Properties in Semmes, AL average a cost of $137,700, which is 7% higher than the median home price for real estate located in Alabama. This means that the region of Semmes, AL is, on average, less affordable when compared to the remainder of Alabama. Since tenants living in Semmes, AL will pay an average of $777, the median rental cost is 7% higher than in Alabama. 69.1% of people in Semmes, AL own their own homes, and an average of 2.8 people inhabit each property. Semmes, AL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Semmes Home Affordability

When starting your search for real estate in Semmes, AL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Semmes, AL costs $137,700 while each household has an average income of $49,667. Consequently, the ratio of home price to household income is 2.8x; this ratio is 3% lower than the average in Alabama. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Semmes, AL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Semmes, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Chunchula, AL	192	$0	100%
Prichard, AL	22,340	$64,500	65%
Chickasaw, AL	5,955	$78,200	58%
Gulfcrest, AL	242	$98,100	47%
Tillmans Corner, AL	18,620	$111,100	40%
Semmes, AL	3,786	$137,700	25%

Cities with similar population

City, State	Population	Home Price	National Avg.
Deephaven, MN	3,786	$537,600	191%
Waukon, IA	3,786	$89,600	51%
Charlotte Harbor, FL	3,786	$119,000	36%
North Muskegon, MI	3,785	$143,300	22%
Owego, NY	3,787	$92,800	50%
Semmes, AL	3,786	$137,700	25%

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