Lake Purdy, Shelby County, AL

Median Home Price Price

$480,078 $480.1K

Median Monthly Rent Rent

$1,213 $1.2K

33.0x

Market Snapshot

Lake Purdy, Shelby County, AL is a city market with a median home price of $480,078, a median monthly rent of $1,213, a GRM of 33.0x, and a price-to-rent ratio of 33.0.

More markets to explore

01 Westover, Shelby County, AL
Top recommendation Nearby alternative Lower GRM Lower price Similar rent
High confidence
Price $284.3K
Rent $1.2K
GRM 20.0x
Explore the data
Region Show
Westover
$284K $1.2K 20.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Hoover, Jefferson County, AL
$418K $1.2K 29.0x
Tuscaloosa, Tuscaloosa County, AL
$222K $1.2K 15.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Waynesboro, Augusta County, VA
$301K $1.2K 21.0x
Calera, Bryan County, OK
$230K $1.2K 16.0x
Orland, Glenn County, CA
$377K $1.3K 24.0x

Home prices

Monthly rent

GRM = home price / annual rent

Lake Purdy

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Benchmark comparison

Rent in Lake Purdy, AL is 0.7% higher than Westover, AL.

Compare to Westover, AL
Lake Purdy, AL
Westover, AL
Delta
Median rent
$1,213
$1,205
-$8
Median price
$480,078
$284,323
-$195,755
YoY change
+$39
+$35
-$4
Price-to-rent
33.0x
19.7x
-13.3x

Key takeaways

  • Lake Purdy, Shelby County, AL has a higher-grm screening profile: At 33.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $39 year over year.
  • Rent in Lake Purdy, AL is 0.7% higher than Westover, AL.