Daphne-Fairhope-Foley, AL vs Huntsville, AL
A 2-bedroom in Huntsville costs $35 less per month than Daphne-Fairhope-Foley ($1,310 vs $1,345). Median income is $75,019 in Daphne-Fairhope-Foley and $83,529 in Huntsville. That's a difference of $420 per year in housing costs.
Side-by-Side Comparison
| Metric | Daphne-Fairhope-Foley | Huntsville |
|---|---|---|
| Studio FMR | $1,094 | $1,030 |
| 1BR FMR | $1,200 | $1,136 |
| 2BR FMR | $1,345 | $1,310 |
| 3BR FMR | $1,692 | $1,690 |
| 4BR FMR | $2,171 | $2,109 |
| Median Income | $75,019 | $83,529 |
| Rent Burden | 21.5% | 18.8% |
| Actual Median Rent | $1,211 | $1,091 |
| Median Home Value | $287,000 | $265,000 |
| Population | 240K | 505K |
| Renter % | 22.5% | 29.5% |
| Vacancy Rate | 26.4% | 7.2% |
| Poverty Rate | 10.5% | 10.4% |
| YoY Change | - | +5% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Huntsville, AL is more affordable with a 2BR FMR of $1,310/mo, which is $35 less than Daphne-Fairhope-Foley at $1,345/mo. However, when considering local incomes, Daphne-Fairhope-Foley has a rent burden of 21.5% vs 18.8% in Huntsville.
A 2-bedroom in Daphne-Fairhope-Foley, AL costs $1,345/mo at Fair Market Rent, while in Huntsville, AL it's $1,310/mo, a difference of $35/mo or $420/year.
To afford a 2BR without spending more than 30% of income on rent: Daphne-Fairhope-Foley requires $53,800/year ($26/hr). Huntsville requires $52,400/year ($25/hr).