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:$206,667
Avg Rent:$1,150/mo
Avg Price/Rent:15.0
Alabama Housing Market Summary
3
Cities Analyzed
3
Favor Buying
0
Favor Renting
0
Toss-Up
Across Alabama's 3 analyzed cities, the majority (3 cities) favor buying over renting. This suggests Alabama generally offers good value for homebuyers.
The average home price in Alabama is $206,667, with average rents at $1,150/month. This gives an average price-to-rent ratio of 15.0.
$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 |
|---|---|---|---|---|---|
| Huntsville | $215,000 | $1,200 | 14.9 | 4 yrs | Buy |
| Birmingham | $215,000 | $1,100 | 16.3 | 6 yrs | Buy |
| Mobile | $190,000 | $1,150 | 13.8 | 3 yrs | Buy |
Compare Other States
Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
Open Full Calculator