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 | Butler County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,944 | $158,589 | $242,182 |
| Price Trend (Annual %) | 16.3% | 7.1% | 8.2% |
| Median Gross Rent | $722 | $962 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Butler County is about 51% lower than in Alabama. Rent is about 25% 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 Butler County, up about 16.3% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Butler County rose about 25.6% between 2015 and 2023, from $575 to $722. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Butler County.
Buying the median-priced home in Butler County costs roughly 8.9 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 Butler County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Butler County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,944 | $158,589 | $242,182 |
| Median Household Income | $44,868 | $62,318 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Butler County fell about 27.6%, while median household income rose about 42.5% 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 | Butler County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 59.5% | 58.2% |
| Rental Rate | 23.3% | 25.6% | 31.3% |
| Vacancy Rate | 26.2% | 15.0% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Butler County has a homeownership rate of 50.5%, lower than the Alabama average of 59.5%. Its housing vacancy rate is 26.2%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Butler County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 5.4 | 5.8 | 5.5 |
The typical housing unit in Butler County was built around 1981. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Butler County, Alabama.
What is the median home price in Butler County, Alabama?
The median home price in Butler County, Alabama is $76,944, lower than the Alabama average of $158,589.
What is the average home price in Butler 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 Butler County, Alabama?
The median gross rent in Butler County, Alabama is $722 per month, lower than the Alabama average of $962.
What was the median gross rent in Butler County in 2020?
In 2020, the median gross rent in Butler County, Alabama was $626 per month.
What is the price-to-rent ratio in Butler County, Alabama?
The price-to-rent ratio in Butler County, Alabama is about 8.9, meaning it would take roughly 8.9 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 Butler County.
Are home prices or rent rising faster in Butler County, Alabama?
Both home prices and rent are rising in Butler County, up about 16.3% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Butler County, Alabama?
50.5% of households in Butler County, Alabama own their home, lower than the Alabama average of 59.5%.
What is the vacancy rate in Butler County, Alabama?
The housing vacancy rate in Butler County, Alabama is 26.2%, higher than the Alabama average of 15.0%.