Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Baldwin County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,398 | $158,589 | $242,182 |
| Price Trend (Annual %) | 1.5% | 7.1% | 8.2% |
| Median Gross Rent | $1,210 | $962 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baldwin County is about 53% higher than in Alabama. Rent is about 26% higher than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Baldwin County, up about 1.5% and 4.5% a year respectively. Rent is changing faster.
Median rent in Baldwin County rose about 37.9% between 2015 and 2023, from $878 to $1,210. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Baldwin County.
Buying the median-priced home in Baldwin County costs roughly 16.7 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 Baldwin County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Baldwin County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,398 | $158,589 | $242,182 |
| Median Household Income | $75,019 | $62,318 | $78,145 |
| Price-to-Income Ratio | 3.2 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Baldwin County rose about 14.8%, while median household income rose about 53.3% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Baldwin County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 59.5% | 58.2% |
| Rental Rate | 16.5% | 25.6% | 31.3% |
| Vacancy Rate | 26.4% | 15.0% | 10.6% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Baldwin County has a homeownership rate of 57.1%, lower than the Alabama average of 59.5%. Its housing vacancy rate is 26.4%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Baldwin County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1996 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.8 | 5.5 |
The typical housing unit in Baldwin County was built around 1996. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baldwin County, Alabama.
What is the median home price in Baldwin County, Alabama?
The median home price in Baldwin County, Alabama is $242,398, higher than the Alabama average of $158,589.
What is the average home price in Baldwin County, Alabama?
The typical home price in %s, reported as the median sale price, is %s. 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 Baldwin County, Alabama?
The median gross rent in Baldwin County, Alabama is $1,210 per month, higher than the Alabama average of $962.
What was the median gross rent in Baldwin County in 2020?
In 2020, the median gross rent in Baldwin County, Alabama was $1,032 per month.
What is the price-to-rent ratio in Baldwin County, Alabama?
The price-to-rent ratio in Baldwin County, Alabama is about 16.7, meaning it would take roughly 16.7 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 Baldwin County.
Are home prices or rent rising faster in Baldwin County, Alabama?
Both home prices and rent are rising in Baldwin County, up about 1.5% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Baldwin County, Alabama?
57.1% of households in Baldwin County, Alabama own their home, lower than the Alabama average of 59.5%.
What is the vacancy rate in Baldwin County, Alabama?
The housing vacancy rate in Baldwin County, Alabama is 26.4%, higher than the Alabama average of 15.0%.