The 36207 zip code in Anniston tops our ranking of the most affordable places to live in Alabama.
We looked at 171 zip codes in the state, evaluating home values, rental costs, energy rates, property taxes, and five other affordability indicators. We used the data we gathered to calculate our proprietary Affordability Score for each zip code.
Top 10 most affordable places to live in Alabama
| Rank | City | Affordability Score | Median home value | Rental costs |
|---|---|---|---|---|
| 1 | Anniston 🥇 | 100.0 | $183,918 | $794 |
| 2 | Montgomery 🥈 | 96.6 | $187,534 | $1,218 |
| 3 | West End-Cobb Town 🥉 | 95.9 | $53,405 | $1,442 |
| 4 | Selma | 95.9 | $84,687 | $1,442 |
| 5 | Oxford | 93.0 | $187,812 | $1,250 |
| 6 | Saks | 92.5 | $140,024 | $1,442 |
| 7 | Midfield | 92.2 | $75,162 | $1,058 |
| 8 | Piedmont | 92.1 | $137,664 | $1,442 |
| 9 | Pinson | 92.0 | $220,188 | $1,441 |
| 10 | Greenville | 91.8 | $114,616 | $1,442 |
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1. Anniston
Here's why the 36207 zip code in Anniston is Alabama's most affordable place to live.
🔎 Key data about Anniston
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 100.0 | No. 1 | N/A |
| Median home value | $183,918[1] | No. 62 | -$59,050 |
| Home affordability ratio | 2.7 | No. 33 | -0.9 |
| Home value five-year change | 33.1%[2] | No. 29 | -7% |
| Home value one-year forecast | -1.0%[3] | No. 7 | -1.5% |
| Rental costs | $794[4] | No. 1 | -$649 |
| Rent affordability ratio | 1.19% | No. 2 | -1.0% |
| Median household income | $66,949[5] | No. 69 | $930 |
| Property taxes | $806[6] | No. 117 | -$92 |
| Energy costs | $0.15 kWh[7] | No. 1 | $0.00 |
Anniston's 36207 zip code is the cheapest place to live in Alabama, leading the 171 markets we evaluated.
The median home value is $183,918, making it the 62nd-cheapest housing market in the state. Forecasts project a -1.0% change in home values in the next year. Rent in the zip code averages $794 per month, which is the 2nd cheapest amount in Alabama.
The median property tax for homeowners in Anniston is $806 per household, the No. 117 ranked market in Alabama.
Residents pay $0.15 per kWh of electricity, which ranks No. 1 among Alabama markets.
2. Montgomery
The 36106 zip code is the 2nd-cheapest place to live in Alabama.
🔎 Key data about Montgomery
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 96.6 | No. 2 | N/A |
| Median home value | $187,534[8] | No. 65 | -$55,434 |
| Home affordability ratio | 2.7 | No. 28 | -1.0 |
| Home value five-year change | 34%[9] | No. 32 | -7% |
| Home value one-year forecast | 0.1%[10] | No. 18 | -0.4% |
| Rental costs | $1,218[11] | No. 21 | -$225 |
| Rent affordability ratio | 1.75% | No. 20 | -0.4% |
| Median household income | $69,512[12] | No. 61 | $3,493 |
| Property taxes | $656[13] | No. 83 | -$242 |
| Energy costs | $0.15 kWh[14] | No. 1 | $0.00 |
Montgomery's 36106 zip code has a median home value of $187,534, which is the 18th-cheapest housing market in Alabama. You can rent for an average of $1,218 per month. That's the 21st-cheapest price in the state.
The average household income in the zip code is $69,512, which ranks 61st-highest in the state.
Homeowners in Montgomery pay a median property tax of $656 per year, making it the 83rd-most affordable market in Alabama.
Montgomery ranks No. 1 among Alabama energy markets. You'll pay $0.15 per kWh of electricity.
3. West End-Cobb Town
The 3rd-cheapest place to live in Alabama is West End-Cobb Town's 36201 zip code.
🔎 Key data about West End-Cobb Town
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 95.9 | No. 3 | N/A |
| Median home value | $53,405[15] | No. 4 | -$189,563 |
| Home affordability ratio | 1.7 | No. 5 | -2.0 |
| Home value five-year change | 10%[16] | No. 3 | -30% |
| Home value one-year forecast | -1.4%[17] | No. 4 | -1.9% |
| Rental costs | $1,442[18] | No. 47 | $0 |
| Rent affordability ratio | 2.18% | No. 44 | 0.0% |
| Median household income | $31,807[19] | No. 165 | -$34,212 |
| Property taxes | $308[20] | No. 7 | -$590 |
| Energy costs | $0.15 kWh[21] | No. 1 | $0.00 |
The No. 4 cheapest housing market in Alabama is West End-Cobb Town's 36201 zip code, with a median home value of $53,405. Rents in the market average $1,442 per month, making it the 47th-most affordable rental market in the state.
The median property tax for households in West End-Cobb Town is $308, which makes it the 7th-cheapest place in Alabama. West End-Cobb Town ranks No. 1 among Alabama markets by energy costs. Residents pay $0.15 per kWh of electricity.
4. Selma
The 36701 zip code in Selma comes in at No. 4 on our list of the cheapest places to live in Alabama.
🔎 Key data about Selma
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 95.9 | No. 4 | N/A |
| Median home value | $84,687[22] | No. 12 | -$158,281 |
| Home affordability ratio | 2.0 | No. 8 | -1.6 |
| Home value five-year change | 8%[23] | No. 2 | -32% |
| Home value one-year forecast | -4.7%[24] | No. 2 | -5.2% |
| Rental costs | $1,442[25] | No. 47 | $0 |
| Rent affordability ratio | 2.18% | No. 44 | 0.0% |
| Median household income | 41528[26] | No. 150 | -$24,491 |
| Property taxes | $501[27] | No. 38 | -$397 |
| Energy costs | $0.15 kWh[28] | No. 1 | $0.00 |
The No. 12 cheapest housing market in Alabama is Selma's 36701 zip code, where the median home value is $84,687. Renters here pay an average of $1,442 per month.
When it comes to energy costs, Selma ranks 1st among Alabama markets. Residents pay $0.15 per kWh of electricity.
The median property tax for households in the zip code is $501, which makes it the 38th-cheapest market in Alabama.
5. Oxford
The 36203 zip code in Oxford ranks No. 5 among Alabama's most affordable places to live.
🔎 Key data about Oxford
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 93.0 | No. 5 | N/A |
| Median home value | $187,812[29] | No. 66 | -$55,156 |
| Home affordability ratio | 3.1 | No. 48 | -0.6 |
| Home value five-year change | 35%[30] | No. 41 | -6% |
| Home value one-year forecast | -1%[31] | No. 7 | -1.5% |
| Rental costs | $1,250[32] | No. 24 | -$192 |
| Rent affordability ratio | 2.03% | No. 34 | -0.2% |
| Median household income | $61,519[33] | No. 83 | -$4,500 |
| Property taxes | $637[34] | No. 80 | -$261 |
| Energy costs | $0.15 kWh[35] | No. 1 | $0.00 |
Oxford's 36203 zip code has a median home value of $187,812, the 66th-cheapest market in the state. Forecasts project a -1% change in home values in the next year.
The median property tax per household in Oxford is $637. It's the 80th-cheapest market by tax rate in Alabama.
6. Saks
The No. 6 most affordable place to live in Alabama is the 36206 zip code.
🔎 Key data about Saks
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 92.5 | No. 6 | N/A |
| Median home value | $140,024[36] | No. 29 | -$102,944 |
| Home affordability ratio | 2.6 | No. 25 | -1.1 |
| Home value five-year change | 35%[37] | No. 40 | -6% |
| Home value one-year forecast | -1.2%[38] | No. 6 | -1.7% |
| Rental costs | $1,442[39] | No. 47 | $0 |
| Rent affordability ratio | 2.18% | No. 44 | 0.0% |
| Median household income | $53,895[40] | No. 107 | -$12,124 |
| Property taxes | $497[41] | No. 37 | -$401 |
| Energy costs | $0.15 kWh[42] | No. 1 | $0.00 |
The back half of our top 10 kicks off with Saks's 36206 zip code, which has the 29th-cheapest home values in Alabama. The median home value is $140,024. Rents average $1,442 per month, making it the 47th-most affordable rental market in the state.
Residents pay $0.15 per kWh of electricity. It's the 1st-cheapest energy market.
7. Midfield
Midfield's 35228 zip code is the 7th-cheapest place to live in Alabama.
🔎 Key data about Midfield
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 92.2 | No. 7 | N/A |
| Median home value | $75,162[43] | No. 10 | -$167,806 |
| Home affordability ratio | 1.6 | No. 4 | -2.1 |
| Home value five-year change | 47%[44] | No. 138 | 7% |
| Home value one-year forecast | 0.3%[45] | No. 64 | -0.2% |
| Rental costs | $1,058[46] | No. 6 | -$384 |
| Rent affordability ratio | 2.29% | No. 132 | 0.1% |
| Median household income | $46,114[47] | No. 142 | -$19,905 |
| Property taxes | $641[48] | No. 81 | -$257 |
| Energy costs | $0.15 kWh[49] | No. 1 | $0.00 |
You'll find the 10th-cheapest home values in Alabama in Midfield's 35228 zip code. The median value: $75,162. Renters in Midfield pay an average of $1,058 per month.
Homeowners in Midfield pay a median property tax of $641 per year, which is Alabama's 81st-most affordable market.
The average household income is $46,114, which ranks 142nd-highest in the state.
8. Piedmont
The 8th-cheapest place to live in Alabama is Piedmont's 36272 zip code.
🔎 Key data about Piedmont
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 92.1 | No. 8 | N/A |
| Median home value | $137,664[50] | No. 28 | -$105,304 |
| Home affordability ratio | 2.8 | No. 36 | -0.9 |
| Home value five-year change | 27%[51] | No. 10 | -13% |
| Home value one-year forecast | -1.3%[52] | No. 5 | -1.8% |
| Rental costs | $1,442[53] | No. 47 | $0 |
| Rent affordability ratio | 2.18% | No. 44 | 0.0% |
| Median household income | $49,474[54] | No. 122 | -$16,545 |
| Property taxes | $524[55] | No. 46 | -$374 |
| Energy costs | $0.15 kWh[56] | No. 1 | $0.00 |
The 28th-cheapest housing market in Alabama is Piedmont's 36272 zip code, with a median home value of $137,664. Renters pay an average of $1,442 per month, the No. 47 rental market in the state.
The median property tax for households in Piedmont is $524, which makes it the 46th-cheapest place in Alabama. The average household income of $49,474 ranks 122nd.
9. Pinson
Pinson's 35126 zip code sneaks into the top ten of Alabama's most affordable places to live.
🔎 Key data about Pinson
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 92.0 | No. 9 | N/A |
| Median home value | $220,188[57] | No. 85 | -$22,780 |
| Home affordability ratio | 2.8 | No. 35 | -0.9 |
| Home value five-year change | 37%[58] | No. 57 | -4% |
| Home value one-year forecast | 0.2%[59] | No. 33 | -0.3% |
| Rental costs | $1,441[60] | No. 46 | -$2 |
| Rent affordability ratio | 1.81% | No. 23 | -0.4% |
| Median household income | $79,723[61] | No. 32 | $13,704 |
| Property taxes | $836[62] | No. 120 | -$62 |
| Energy costs | $0.15 kWh[63] | No. 1 | $0.00 |
The 85th-cheapest housing market in Alabama is Pinson's 35126 zip code, where the median home value is $220,188. Renters pay an average of $1,441 per month. It's the state's 46th-cheapest rental market.
The median property tax for households within the zip code is $836, which makes it the 120th-cheapest property tax rate in Alabama.
10. Greenville
The final spot on our list of the most affordable places to live in Alabama goes to the 36037 zip code in Greenville.
🔎 Key data about Greenville
| Data point | Value | Rank (out of 171 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 91.8 | No. 10 | N/A |
| Median home value | $114,616[64] | No. 17 | -$128,351 |
| Home affordability ratio | 2.4 | No. 15 | -1.3 |
| Home value five-year change | 28%[65] | No. 11 | -13% |
| Home value one-year forecast | 0.5%[66] | No. 106 | 0.0% |
| Rental costs | $1,442[67] | No. 47 | $0 |
| Rent affordability ratio | 2.18% | No. 44 | 0.0% |
| Median household income | $47,707[68] | No. 131 | -$18,312 |
| Property taxes | $326[69] | No. 8 | -$572 |
| Energy costs | $0.15 kWh[70] | No. 1 | $0.00 |
The 17th-most affordable market in Alabama is Greenville's 36037 zip code. The median home value is $114,616. Rent in the market costs $1,442 per month on average, making it the 47th-most affordable rental market in Alabama.
The median property tax for households in Greenville is $326, which is the 8th-cheapest property tax rate in the state.
Greenville ranks No. 1 among Alabama markets by energy costs, with households paying $0.15 per kWh of electricity.
How we ranked the most affordable places in Alabama
We evaluated 171 zip codes in Alabama with a population over 10,000 on nine metrics. We then assigned each market an Affordability Score based on its weighted and combined rankings.
Our proprietary Affordability Score is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the affordability of a particular zip code. It takes into account these key data points for each zip code.
- Median home value: The median home value for each zip code comes from the Zillow Home Value Index. The lower the median home value relative to the median value in Alabama, the higher our score on this component. We assign a weight of 23.8% to median home value.
- Home affordability ratio. The home affordability ratio is the typical median home value divided by the median household income in the zip code, which reveals the number of years of household income needed to afford a home in that zip code. A lower ratio is better because it means more households can afford a home. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 23.8% to the home affordability ratio.
- Home value five-year change: The home value five-year change is the amount that the median home value in the zip code has risen or fallen during the last five years. Our data comes from the Zillow Home Value Index. We assign a weight of 4.8% to the home value five-year change.
- Home value one-year forecast: The home value one-year forecast comes from Zillow Forecast data. It projects how much home values in the zip code are forecasted to change in the next year. We assign a weight of 4.8% to the home value one-year forecast.
- Rental costs. The rental costs are the observed rents in the zip code, sourced from the Zillow Observed Rent Index. The index includes "listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region." We assign a weight of 11.9% to rental costs.
- Median household income: The inflation-adjusted median household income figures for the zip code comes from the U.S. Census American Community Survey. We assign a weight of 4.8% to median household income.
- Rent affordability ratio. The rent affordability ratio is the ratio of rental costs divided by median household income, which provides the percentage of household income needed to pay a typical month’s rent in the zip code. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 11.9% to the rent affordability ratio.
- Property taxes: The property tax figures are the median real estate taxes paid in the zip code, sourced from the U.S. Census American Community Survey. The lower the property tax rate relative to the Alabama average, the higher our score on this component. We assign a weight of 7.1% to property taxes.
- Energy costs: The energy costs are the costs of a kilowatt hour (kWh) of residential electricity in the zip code, sourced from the U.S. Department of Energy. The lower the cost of electricity relative to the Alabama average, the higher our score on this component. We assign a weight of 7.1% to energy costs.
✍️ Editor’s note: Our Affordability Score identifies the most affordable places in a state by zip code. Often the zip code we identify will represent an entire city or portion of a city.
Occasionally the zip code we identify will encompass an area that includes one or more small towns. In these cases, the data we’ve gathered applies to the entire zip code, not just the single town we’re using to help identify the zip code's location.
If you’re looking to move to one of these affordable places, we recommend doing additional research to make sure the costs in the area — and the quality of life it offers — meet your specific needs.
