Home prices
The median home in Chelsea costs $232,700. It is about $57,360 (19%) lower compared to the surrounding areas.Compared to the US as a whole it is about $15,200 (6%) higher, and is approximately $141,600 (155%) higher compared to the city of Birmingham.
Rents
Chelsea's median monthly rent is $1,448. It is approximately $130 (9%) higher in comparison to nearby areas.In comparison to the United States as a whole it is roughly $386 (36%) higher, and is roughly $611 (72%) higher compared to the city of Birmingham.
Nearby places
Westover
Westover is Chelsea's neighbor to the northeast. Its real estate prices are somewhat less expensive. The median home in Westover costs $193,800, which works out to $38,900 (20%) lower than Chelsea. The rent there is substantially less expensive. Westover's median monthly rent is $867, which comes out to $581 (67%) lower than Chelsea.
Pelham
Pelham is Chelsea's neighbor to the west. Its real estate prices are a bit less expensive. The median home in Pelham costs $189,000, which comes out to $43,700 (23%) lower than Chelsea. Rent there is a bit less expensive. In Pelham the median rent is $1,119 a month, which comes out to $329 (29%) lower than Chelsea.
Meadowbrook
Meadowbrook is approximately 6 miles northwest from Chelsea. The real estate prices there are somewhat more expensive. The price of the median home in Meadowbrook is $299,200, which works out to $66,500 (22%) higher than Chelsea. Rents there are similar. In Meadowbrook the median monthly rent is $1,406, which is $42 (2%) lower than Chelsea.
Shoal Creek
Shoal Creek is approximately 8 miles north of Chelsea. Real estate prices there are significantly more expensive. Shoal Creek's median home value is $445,100, which comes out to $212,400 (47%) higher than Chelsea. Rents there are substantially more expensive. In Shoal Creek the median rent is $2,167 a month, which comes out to $719 (33%) higher than Chelsea.
Brook Highland
Brook Highland is approximately 8 miles north from Chelsea. Real estate prices there are somewhat more expensive. The price of the median home in Brook Highland is $323,200, which works out to $90,500 (28%) higher than Chelsea. Rent there is a lot less expensive. The median rent in Brook Highland is $1,029 per month, which is $419 (40%) lower than Chelsea.
