Home prices
Algoma's median home cost is $171,000. Compared to other places in this area this is roughly $65,060 (61%) higher.It is about $46,500 (21%) lower in comparison to the United States as a whole, and is approximately $69,200 (67%) higher compared to the city of Memphis.
Rents
In Algoma the median monthly rent is $725. In comparison to its nearby areas this is roughly $50 (7%) higher.In comparison to the rest of the nation it is about $337 (31%) lower, and is approximately $176 (19%) lower in comparison to the city of Memphis.
Nearby places
Pontotoc
Pontotoc is roughly 5 miles north of Algoma. Its housing prices are substantially less expensive. The median home in Pontotoc is valued at $128,100, which is $42,900 (33%) lower than Algoma. Rent there is fairly similar. The median monthly rent in Pontotoc is $714, which is $11 (1%) lower than Algoma.
New Houlka
New Houlka is roughly 10 miles south from Algoma. Its real estate prices are substantially less expensive. The median home cost in New Houlka is $77,000, which works out to $94,000 (122%) lower than Algoma. Rent there is a lot less expensive. New Houlka's median rent is $514 a month, which is $211 (41%) lower than Algoma.
Thaxton
Thaxton is roughly 11 miles northwest from Algoma. The real estate prices there are a little less expensive. The median home in Thaxton costs $154,000, which comes out to $17,000 (11%) lower than Algoma. Rent there is somewhat more expensive. The median monthly rent in Thaxton is $850, which comes out to $125 (14%) higher than Algoma.
Ecru
Ecru is roughly 12 miles north from Algoma. Its housing prices are significantly less expensive. The median home in Ecru costs $95,500, which works out to $75,500 (79%) lower than Algoma. Its rents are a little less expensive. The median monthly rent in Ecru is $628, which is $97 (15%) lower than Algoma.
Verona
Verona is roughly 15 miles east from Algoma. Its housing prices are significantly less expensive. The median home value in Verona is $75,100, which works out to $95,900 (127%) lower than Algoma. The rent there is a little less expensive. Verona's median monthly rent is $667, which is $58 (8%) lower than Algoma.
