Quick facts: Athens, AL

Quick Facts

93
Cost of Living
below US average
28,661
Population
27.25
Crime Rate per 1000
above US average
$57,444
Median Income
below US average
$289,900
Median House Price
above US average
$1372.48
Average Rent
below US average
10%
Poverty Rate
below US average
2.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,444.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $57,444
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Income Needed to Rent

⚠ Stretch
$59k/year
Based on $1372.48/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $59k vs median $57,444
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Athens, AL

Athens, Alabama, is a charming city located in Limestone County, situated in the northern part of the state. Known for its rich history and vibrant community, it is often referred to as the "Classic City of the South." Athens boasts a population of around 25,000 residents and serves as a gateway to the beautiful landscapes of the region, including nearby parks and recreational areas. The city is home to several historical sites, including the Athens State University, which is the oldest institution of higher education in the state. The downtown area features a variety of shops, restaurants, and cultural attractions that reflect the city's heritage and southern hospitality. Annual events, such as the Athens Grease Festival and the Limepit Music Festival, draw visitors and showcase local arts and cuisine. Athens' close proximity to Huntsville enhances its appeal, offering residents easy access to urban amenities while retaining a small-town atmosphere. The city promotes a friendly community spirit and provides ample opportunities for outdoor activities, making it an attractive place to live and visit.

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