Similar to the surrounding areas, it's a lot less expensive compared to the entire country. Compared to the city of Dothan, it is significantly less expensive.
Home prices
Ponce de Leon's median home price is $81,500. This is roughly $3,900 (4%) lower in comparison to the surrounding areas.Compared to the rest of the country it is roughly $136,000 (62%) lower, and is about $69,200 (45%) lower compared to the city of Dothan.
Rents
In Ponce de Leon the median monthly rent is $730. It is roughly $53 (7%) higher compared to nearby areas.In comparison to the United States as a whole it is roughly $332 (31%) lower, and it is about $21 (2%) lower compared to the city of Dothan.
Nearby places
Westville
Westville is about 5 miles northeast from Ponce de Leon. Real estate prices there are somewhat more expensive. The cost of the median home in Westville is $94,200, which works out to $12,700 (13%) higher than Ponce de Leon. Rent there is a bit less expensive. In Westville the median monthly rent is $575, which works out to $155 (26%) lower than Ponce de Leon.
Caryville
Caryville is about 7 miles northeast from Ponce de Leon. Real estate prices there are significantly less expensive. The value of the median home in Caryville is $32,500, which works out to $49,000 (150%) lower than Ponce de Leon. The rent there is a little less expensive. In Caryville the median rent is $594 a month, which is $136 (22%) lower than Ponce de Leon.
DeFuniak Springs
DeFuniak Springs is roughly 9 miles west from Ponce de Leon. The real estate prices there are significantly more expensive. The price of the median home in DeFuniak Springs is $121,700, which comes out to $40,200 (33%) higher than Ponce de Leon. The rent there is pretty similar. The median monthly rent in DeFuniak Springs is $746, which comes out to $16 (2%) higher than Ponce de Leon.
Bonifay
Bonifay is about 14 miles east of Ponce de Leon. Real estate prices there are a bit more expensive. The median home in Bonifay is valued at $107,600, which is $26,100 (24%) higher than Ponce de Leon. Rents there are similar. Bonifay's median rent is $756 per month, which comes out to $26 (3%) higher than Ponce de Leon.
Vernon
Vernon is about 14 miles southeast of Ponce de Leon. Its real estate prices are a bit less expensive. Vernon's median home value is $71,000, which works out to $10,500 (14%) lower than Ponce de Leon. Rents there are fairly similar. In Vernon the median rent is $715 a month, which works out to $15 (2%) lower than Ponce de Leon.
