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 | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $199,999 | $158,589 | $242,182 |
| Price Trend (Annual %) | 24.2% | 7.1% | 8.2% |
| Median Gross Rent | $742 | $962 | $1,342 |
| Rent Trend (Annual %) | 2.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Blount County is about 26% higher than in Alabama. Rent is about 23% lower 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 Blount County, up about 24.2% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Blount County rose about 23.4% between 2015 and 2023, from $601 to $742. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Blount County.
Buying the median-priced home in Blount County costs roughly 22.5 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 Blount County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $199,999 | $158,589 | $242,182 |
| Median Household Income | $61,199 | $62,318 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Blount County rose about 60.4%, while median household income rose about 34.6% between 2009 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 | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.5% | 59.5% | 58.2% |
| Rental Rate | 18.2% | 25.6% | 31.3% |
| Vacancy Rate | 11.4% | 15.0% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Blount County has a homeownership rate of 70.5%, higher than the Alabama average of 59.5%. Its housing vacancy rate is 11.4%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1987 | 1985 | 1978 |
| Median Number of Rooms | 5.9 | 5.8 | 5.5 |
The typical housing unit in Blount County was built around 1987. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Blount County, Alabama.
What is the median home price in Blount County, Alabama?
The median home price in Blount County, Alabama is $199,999, higher than the Alabama average of $158,589.
What is the average home price in Blount 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 Blount County, Alabama?
The median gross rent in Blount County, Alabama is $742 per month, lower than the Alabama average of $962.
What was the median gross rent in Blount County in 2020?
In 2020, the median gross rent in Blount County, Alabama was $666 per month.
What is the price-to-rent ratio in Blount County, Alabama?
The price-to-rent ratio in Blount County, Alabama is about 22.5, meaning it would take roughly 22.5 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 Blount County.
Are home prices or rent rising faster in Blount County, Alabama?
Both home prices and rent are rising in Blount County, up about 24.2% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Blount County, Alabama?
70.5% of households in Blount County, Alabama own their home, higher than the Alabama average of 59.5%.
What is the vacancy rate in Blount County, Alabama?
The housing vacancy rate in Blount County, Alabama is 11.4%, lower than the Alabama average of 15.0%.