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 | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $134,375 | $158,589 | $242,182 |
| Price Trend (Annual %) | 39.7% | 7.1% | 8.2% |
| Median Gross Rent | $802 | $962 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bibb County is about 15% lower than in Alabama. Rent is about 17% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bibb County, up about 39.7% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Bibb County rose about 23.3% between 2015 and 2023, from $651 to $802. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Bibb County.
Buying the median-priced home in Bibb County costs roughly 14.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bibb County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $134,375 | $158,589 | $242,182 |
| Median Household Income | $51,463 | $62,318 | $78,145 |
| Price-to-Income Ratio | 2.6 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2021, the median home price in Bibb County rose about 130.6%, while median household income rose about 22.2% between 2010 and 2023 — 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 | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 59.5% | 58.2% |
| Rental Rate | 19.0% | 25.6% | 31.3% |
| Vacancy Rate | 16.7% | 15.0% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Bibb County has a homeownership rate of 64.3%, higher than the Alabama average of 59.5%. Its housing vacancy rate is 16.7%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1989 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.8 | 5.5 |
The typical housing unit in Bibb County was built around 1989. On average, 2.7 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bibb County, Alabama.
What is the median home price in Bibb County, Alabama?
The median home price in Bibb County, Alabama is $134,375, lower than the Alabama average of $158,589.
What is the average home price in Bibb 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 Bibb County, Alabama?
The median gross rent in Bibb County, Alabama is $802 per month, lower than the Alabama average of $962.
What was the median gross rent in Bibb County in 2020?
In 2020, the median gross rent in Bibb County, Alabama was $692 per month.
What is the price-to-rent ratio in Bibb County, Alabama?
The price-to-rent ratio in Bibb County, Alabama is about 14.0, meaning it would take roughly 14.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bibb County.
Are home prices or rent rising faster in Bibb County, Alabama?
Both home prices and rent are rising in Bibb County, up about 39.7% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bibb County, Alabama?
64.3% of households in Bibb County, Alabama own their home, higher than the Alabama average of 59.5%.
What is the vacancy rate in Bibb County, Alabama?
The housing vacancy rate in Bibb County, Alabama is 16.7%, higher than the Alabama average of 15.0%.