Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Banks town, Alabama?
City · Census ACS 5-Year estimates
The median gross rent in Banks town, Alabama is $1,080/month (±$291), based on Census ACS 5-Year estimates (2024). The median home value is —, and the median household income is $50,000/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Banks town, Alabama
| Metric | Value |
|---|---|
| Median Gross Rent | $1,080 |
| Median Home Value | — |
| Median Household Income | $50,000 |
| Total Housing Units | 122 |
| Renter-Occupied Units | 45 |
| Renter-Occupied Share | 37% |
| Households Paying 50%+ Income | 0 households |
How does Banks town, Alabama compare?
Median gross rent ranked against all cities in Alabama.
Higher rent than 81% of cities in Alabama · 85th of 432
| # | City | Value |
|---|---|---|
| 1 | Shoal Creek CDP | $2,766 |
| 2 | Indian Springs Village city | $2,264 |
| 3 | Clay city | $2,240 |
| … 81 more … | ||
| 85 | Banks town(you are here) | $1,080 |
| … 344 more … | ||
| 430 | Cottonwood town | $339 |
| 431 | Cardiff town | $326 |
| 432 | Oakman town | $283 |
More data for Banks town, Alabama
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Frequently asked questions
What is the average rent in Banks town, Alabama?
The median gross rent in Banks town, Alabama is $1,080/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Banks town, Alabama?
The median rent for a 2-bedroom in Banks town, Alabama is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Banks town, Alabama?
The median home value in Banks town, Alabama is not available according to Census ACS 5-Year estimates (2024).
What percentage of renters in Banks town are rent-burdened?
In Banks town, Alabama, 0 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Banks town, Alabama?
The median household income in Banks town, Alabama is $50,000/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,080 has a margin of error of ±$291. In very small areas, MOEs can be large relative to the estimate.
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