Alabama Home Prices & Values

$122,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -3.1% 1-year change
  • 1.2% 1-year forecast

The median home value in Alabama is $122,900. Alabama home values have declined -3.1% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Alabama is $91. The median price of homes currently listed in Alabama is $171,000 while the median price of homes that sold is $157,518. The median rent price in Alabama is $850.

Foreclosures will be a factor impacting home values in the next several years. In Alabama 4.2 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 3.9%, which is lower than the national value of 6.9%. 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 17.9%.

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Relative ZHVI
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Alabama Market Overview

Data through Jul 31, 2014
  • $122,900 ZHVI
  • 1.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $171,000 Median listing price
  • $157,518 Median sale price
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Alabama Market Health

Data through Jul 31, 2014
  • 2.3/10 Less healthy What's This?  
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    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.

  • 129 Average days on Zillow (Jun 30, 2014)
  • 17.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.2 homes Alabama
4.4 homes United States
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Cities in Alabama

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hoover $247,900 Madison $197,100 Northport $157,600
Tuscaloosa $136,300 Huntsville $133,700 Mobile $97,900
Albertville $85,100 Montgomery $82,000 Birmingham $60,100

Listings & Sales

Data through Jul 31, 2014
  • $91 Median list price / sq ft
  • $90 Median sale price / sq ft
  • 31.7% Listings with price cut
26.7%
Sold below listing
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Alabama Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$963 Alabama
$1,318 United States
  • No data Breakeven horizon
  • $850 Rent list price
  • $0.66 Rent list price / sq ft
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