The median home in Lake Purdy, Alabama is valued at $479,659, up 0.7% year over year. Typical monthly rent is $1,581, producing a price-to-rent ratio of 25.3x — well above the national average of 18x. Lake Purdy is part of the Birmingham-Hoover, AL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Birmingham-Hoover, AL stress score, crash risk, and 12-month forecast →

Home Value$479,659

+0.7%

Rent$1,581/mo

AFFORDABILITY

Enter your income for Lake Purdy.

Income (annual)

Down Payment

$95,932 on $479,659

Out of reach — 44.6% of income

Need $119,529/yr to afford.

PITI$2,789

P/I44.6%

Afford$301K

Gap-$179K

P&I $2,425Tax $164Ins $200

Renting $1,208/mo cheaper ($1,581 rent)6.50% 30yr, 20% down, county tax + AL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Alabama

Compare Lake Purdy with other housing markets across Alabama.

Mountain Brook$985K Orange Beach$665K Equality$637K Jacksons Gap$591K Indian Springs Village$569K Vestavia Hills$539K Homewood$533K Dadeville$508K

Full Birmingham-Hoover, AL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Birmingham-Hoover, AL metro.

View Birmingham-Hoover, AL metro →

LAKE PURDY, AL