Home Values

Alabama Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$122,000

  • 0.1% 1-year change
  • 3.6% 1-year forecast

The median home value in Alabama is $122,000. Alabama home values have gone up 0.1% over the past year and Zillow predicts they will rise 3.6% within the next year. The median rent price in Alabama is $895.

Foreclosures will be a factor impacting home values in the next several years. In Alabama 5.8 homes are foreclosed (per 10,000). This is greater than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Alabama is 4.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Alabama homeowners underwater on their mortgage is 18.3%.

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Relative ZHVI
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Alabama Market Overview

Data through Jun 30, 2015
  • $122,000 ZHVI
  • 3.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $157,260 Median sale price
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Alabama Market Health

Data through Jun 30, 2015
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 101 Average days on Zillow (May 31, 2015)
  • 18.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

6 Alabama
4 United States
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Cities in Alabama

Name Median ZHVI
Hoover $238,600
Madison $192,500
Northport $169,700
Name Median ZHVI
Tuscaloosa $149,400
Huntsville $129,300
Decatur $111,000
Name Median ZHVI
Mobile $93,300
Montgomery $80,800
Birmingham $61,000

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $91 Median sale price / sq ft
  • No data Listings with price cut
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Alabama Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,002 Alabama
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $895 Rent list price
  • $0.66 Rent list price / sq ft
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