Rent vs Buy in Alabama
Compare 3 cities across Alabama. Find out whether renting or buying makes more financial sense in your area.
3cities analyzed
Avg Home:$235,052
Avg Rent:$1,310/mo
Avg Price/Rent:14.9
Alabama Housing Market Summary
3
Cities Analyzed
0
Favor Buying
3
Favor Renting
0
Toss-Up
Across Alabama's 3 analyzed cities, the majority (3 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Alabama.
The average home price in Alabama is $235,052, with average rents at $1,310/month. This gives an average price-to-rent ratio of 14.9.
$Most Affordable Cities
$$Most Expensive Cities
All Alabama Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Birmingham | $208,519.76 | $1,291.76 | 13.5 | N/A | Rent |
| Mobile | $191,438.12 | $1,258.23 | 12.7 | N/A | Rent |
| Huntsville | $305,199.33 | $1,378.7 | 18.4 | N/A | Rent |
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