Alabama Home Prices & Values

$124,800 Zillow Home Value Index What's This?  
Close

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

  • -1.3% 1-year change
  • 2.8% 1-year forecast

The median home value in Alabama is $124,800. Alabama home values have declined -1.3% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Alabama is $90. The median price of homes currently listed in Alabama is $169,900 while the median price of homes that sold is $160,338. The median rent price in Alabama is $850.

Foreclosures will be a factor impacting home values in the next several years. In Alabama 3.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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%.

more
Relative ZHVI
- +

Alabama Market Overview

Data through Aug 31, 2014
  • $124,800 ZHVI
  • 2.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $169,900 Median listing price
  • $160,338 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Alabama Market Health

Data through Aug 31, 2014
  • 2.6/10 Less healthy What's This?  
    Close

    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.

  • No recent data Average days on Zillow
  • 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)

3.4 homes Alabama
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Alabama

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hoover $247,400 Madison $197,500 Northport $164,600
Tuscaloosa $151,000 Huntsville $134,100 Mobile $99,100
Albertville $87,400 Birmingham $63,800  

Listings & Sales

Data through Aug 31, 2014
  • $90 Median list price / sq ft
  • $91 Median sale price / sq ft
  • 32.2% Listings with price cut
26.1%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Alabama Rentals

Data through Aug 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
$976 Alabama
$1,328 United States
  • No data Breakeven horizon
  • $850 Rent list price
  • $0.66 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

 
 
 
Sign in with Google