Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Alabama's median home sale price was about $225,000 in 2024.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (ALSTHPI).
| Indicator | Alabama | U.S. |
|---|---|---|
| Median home price | 225000 | 360000 |
Median Home Value
The median home value in Alabama is around $228,000, well below the national level.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Alabama | U.S. |
|---|---|---|
| Median home value (USD) | 228000 | 340000 |
Rent Prices
Alabama's median gross rent is about $1,050 per month.
Rent of primary residence index (South region)
2006–2025BLS CPI-U, South region, annual average (CUUR0300SEHA).
| Indicator | Alabama | U.S. |
|---|---|---|
| Median gross rent | 1050 | 1372 |
Housing Inventory
Alabama has about 2.35 million total housing units.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
Building Permits
Alabama issued about 24,000 residential building permits in 2023.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED ALBPPRIV).
Homeownership Rate
Alabama's homeownership rate is about 69%, above the national average.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED ALHOWN).
| Indicator | Alabama | U.S. |
|---|---|---|
| Homeownership rate | 69 | 65.6 |
Housing Affordability
Alabama's price-to-income ratio is about 3.9, making it one of the more affordable states.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Alabama | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 61.8 | 100 |
Vacancy Rate
Alabama's rental vacancy rate is about 11%, above the national average.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED ALRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED ALHVAC).