Tallassee, Alabama Real Estate & Housing Market

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Tallassee Housing Information

Index	Tallassee	Alabama	National
Median home price	$84,700	$128,500	$184,700
Median rent asked	$601	$728	$949
Avg. people per household	2.6	2.5	2.6
Owner occupied households	53.6%	68.5%	63.6%
Renter occupied households	46.4%	31.5%	36.4%

A general overview of the Tallassee, AL real estate market is displayed above. The median home price for homes in Tallassee, AL is $84,700, which is 34% lower than the Alabama average. This means that real estate in the Tallassee, AL area is generally more affordable than the rest of Alabama. The median rent price in Tallassee, AL is $601 which is 17% lower than the Alabama average. In Tallassee, AL, 53.6% of people are home owners and an average of 2.6 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Tallassee, AL. We make it easy to find Tallassee, AL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Tallassee Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Tallassee, AL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Tallassee, AL is $84,700 and the median household income is $45,972. This results in a home price to income ratio of 1.8x, which is 36% lower than the Alabama average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Tallassee, AL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Tallassee, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Franklin, AL	198	$66,500	64%
Tuskegee, AL	9,050	$77,300	58%
Shorter, AL	581	$79,200	57%
Reeltown, AL	363	$92,500	50%
Notasulga, AL	951	$96,700	48%
Tallassee, AL	5,657	$84,700	54%

Cities with similar population

City, State	Population	Home Price	National Avg.
Wyndmoor, PA	5,655	$304,400	65%
Homestead Meadows South, TX	5,659	$71,800	61%
Orchard Homes, MT	5,655	$273,100	48%
Durham, CA	5,660	$374,500	103%
Sterling, AK	5,661	$285,000	54%
Tallassee, AL	5,657	$84,700	54%

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