Alabaster, Alabama Housing Market Prices
Alabaster Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 66% above the Alabama median$265,646
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Median rent 44% above the Alabama median$1,455
Housing Market Overview
| Metric | Alabaster | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,646 | $160,474 | $248,835 |
| Price Trend (Annual %) | 13.1% | 6.3% | 7.5% |
| Median Gross Rent | $1,455 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alabaster is about 66% higher than in Alabama. Rent is about 44% higher than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alabaster, up about 13.1% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Alabaster rose about 46.4% between 2015 and 2024, from $994 to $1,455. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Alabaster.
Buying the median-priced home in Alabaster costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alabaster. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Alabaster | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,646 | $160,474 | $248,835 |
| Median Household Income | $93,951 | $64,544 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alabaster rose about 70.1%, while median household income rose about 32.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alabaster | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.0% | 60.0% | 58.5% |
| Rental Rate | 12.5% | 25.5% | 31.2% |
| Vacancy Rate | 3.5% | 14.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Alabaster has a homeownership rate of 84.0%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 3.5%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Alabaster | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1993 | 1985 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Alabaster was built around 1993. On average, 2.8 people live in a home with about 6.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alabaster, Alabama.
What is the median home price in Alabaster, Alabama?
The median home price in Alabaster, Alabama is $265,646, higher than the Alabama average of $160,474.
What is the average home price in Alabaster, Alabama?
The typical home price in Alabaster, Alabama, reported as the median sale price, is $265,646. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alabaster, Alabama?
The median gross rent in Alabaster, Alabama is $1,455 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Alabaster in 2020?
In 2020, the median gross rent in Alabaster, Alabama was $1,132 per month.
What is the price-to-rent ratio in Alabaster, Alabama?
The price-to-rent ratio in Alabaster, Alabama is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alabaster.
Are home prices or rent rising faster in Alabaster, Alabama?
Both home prices and rent are rising in Alabaster, up about 13.1% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alabaster, Alabama?
84.0% of households in Alabaster, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Alabaster, Alabama?
The housing vacancy rate in Alabaster, Alabama is 3.5%, lower than the Alabama average of 14.5%.
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