Much like its surrounding areas, it's a lot less expensive compared to the rest of the nation. Compared to the city of Birmingham, it's close to average.
Home prices
The median home in Kennedy costs $89,300. It is approximately $3,740 (4%) lower compared to its surrounding areas.It is about $128,200 (58%) lower compared to the rest of the nation, and in comparison to the city of Birmingham is about $1,800 (1%) lower.
Rents
In Kennedy the median monthly rent is $260. It is roughly $235 (47%) lower compared to the surrounding areas.In comparison to the nation as a whole it is approximately $802 (75%) lower, and it is about $577 (68%) lower compared to the city of Birmingham.
Nearby places
Millport
Millport is roughly 5 miles west of Kennedy. Housing prices there are a lot less expensive. The value of the median home in Millport is $62,900, which works out to $26,400 (41%) lower than Kennedy. Its rents are a lot more expensive. Millport's median monthly rent is $451, which comes out to $191 (42%) higher than Kennedy.
Fayette
Fayette is approximately 11 miles northeast of Kennedy. Its housing prices are similar. Fayette's median home cost is $86,600, which works out to $2,700 (3%) lower than Kennedy. Rents there are significantly more expensive. In Fayette the median rent is $512 a month, which comes out to $252 (49%) higher than Kennedy.
Vernon
Vernon is approximately 14 miles northwest of Kennedy. Real estate prices there are a bit more expensive. The price of the median home in Vernon is $101,300, which is $12,000 (11%) higher than Kennedy. Rents there are a little more expensive. In Vernon the median rent is $381 per month, which works out to $121 (31%) higher than Kennedy.
Reform
Reform is roughly 14 miles south of Kennedy. The real estate prices there are a little less expensive. The median home in Reform is valued at $79,900, which is $9,400 (11%) lower than Kennedy. Rent there is substantially more expensive. The median monthly rent in Reform is $406, which comes out to $146 (35%) higher than Kennedy.
Caledonia
Caledonia is roughly 18 miles northwest from Kennedy. The housing prices there are significantly more expensive. Caledonia's median home cost is $134,500, which comes out to $45,200 (33%) higher than Kennedy. The rent there is a lot more expensive. Caledonia's median monthly rent is $723, which comes out to $463 (64%) higher than Kennedy.
