Housing

Alabama vs Arizona: Home Value to Income Ratio

Alabama has a lower home value to income ratio than Arizona.

Alabama

AL · South

Winner

3.18x

Median home value divided by median household income.

Arizona

AZ · West

4.51x

Median home value divided by median household income.

Visual comparison

Alabama3.18x

Arizona4.51x

Difference: 1.33x — Alabama leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for home value to income ratio.

Alabama #16 · 3.18x

Arizona #37 · 4.51x

Best Worst

10 Best States — Home Value to Income Ratio

Lower is better

West Virginia

2.38x

Iowa

2.46x

Kansas

2.78x

Mississippi

2.87x

Ohio

2.93x

Nebraska

2.94x

Arkansas

2.96x

Kentucky

2.97x

North Dakota

2.98x

#10

Indiana

3.00x

Selected states

#16

Alabama

3.18x

#37

Arizona

4.51x

Alabama ranks 16th and Arizona ranks 37th nationally for home value to income ratio.

Related context

Home Affordability Ratios

A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.

MetricAlabamaArizona

Median Home Value $174,600 $327,400 Median Household Income $54,943 $72,581 Property Tax Rate 0.38% 0.48% Rent-to-Income Ratio 20.2% 21.7%

What this means