Auburn, Alabama Housing Market Prices
Auburn 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 78% above the Alabama median$286,410
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Median rent 8% above the Alabama median$1,092
Housing Market Overview
| Metric | Auburn | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,410 | $160,474 | $248,835 |
| Price Trend (Annual %) | 21.0% | 6.3% | 7.5% |
| Median Gross Rent | $1,092 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Auburn is about 78% higher than in Alabama. Rent is about 8% 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 Auburn, up about 21.0% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Auburn rose about 38.4% between 2015 and 2024, from $789 to $1,092. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Auburn.
Buying the median-priced home in Auburn costs roughly 21.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Auburn. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Auburn | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,410 | $160,474 | $248,835 |
| Median Household Income | $55,465 | $64,544 | $80,455 |
| Price-to-Income Ratio | 5.2 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Auburn rose about 170.0%, while median household income rose about 80.7% 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 | Auburn | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.2% | 60.0% | 58.5% |
| Rental Rate | 41.5% | 25.5% | 31.2% |
| Vacancy Rate | 17.3% | 14.5% | 10.2% |
| Median Tenure (years) | 9.0 | 16.0 | 15.0 |
| Median Year Moved In | 2017 | 2010 | 2011 |
Auburn has a homeownership rate of 41.2%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 17.3%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Auburn | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1998 | 1985 | 1978 |
| Median Number of Rooms | 5.1 | 5.9 | 5.5 |
The typical housing unit in Auburn was built around 1998. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 9.0 years on average.
Auburn, AL Housing Compared With Nearby Cities
How Auburn, AL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Auburn, AL | 68,130 | $286,410 #1/2 | $1,092 #1/2 | 49.8% #2/2 |
| Opelika, AL | 28,165 | $157,478 | $888 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Auburn, Alabama.
What is the median home price in Auburn, Alabama?
The median home price in Auburn, Alabama is $286,410, higher than the Alabama average of $160,474.
What is the average home price in Auburn, Alabama?
The typical home price in Auburn, Alabama, reported as the median sale price, is $286,410. 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 Auburn, Alabama?
The median gross rent in Auburn, Alabama is $1,092 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Auburn in 2020?
In 2020, the median gross rent in Auburn, Alabama was $875 per month.
What is the price-to-rent ratio in Auburn, Alabama?
The price-to-rent ratio in Auburn, Alabama is about 21.9, meaning it would take roughly 21.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Auburn.
Are home prices or rent rising faster in Auburn, Alabama?
Both home prices and rent are rising in Auburn, up about 21.0% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Auburn, Alabama?
41.2% of households in Auburn, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Auburn, Alabama?
The housing vacancy rate in Auburn, Alabama is 17.3%, higher than the Alabama average of 14.5%.
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