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 | Chambers County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,961 | $158,589 | $242,182 |
| Price Trend (Annual %) | 9.4% | 7.1% | 8.2% |
| Median Gross Rent | $850 | $962 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chambers County is about 46% lower than in Alabama. Rent is about 12% 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 Chambers County, up about 9.4% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Chambers County rose about 29.2% between 2015 and 2023, from $658 to $850. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Chambers County.
Buying the median-priced home in Chambers County costs roughly 8.4 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 Chambers County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Chambers County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,961 | $158,589 | $242,182 |
| Median Household Income | $49,209 | $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 Chambers County rose about 41.8%, while median household income rose about 48.7% 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 | Chambers County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.0% | 59.5% | 58.2% |
| Rental Rate | 23.7% | 25.6% | 31.3% |
| Vacancy Rate | 18.3% | 15.0% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Chambers County has a homeownership rate of 58.0%, lower than the Alabama average of 59.5%. Its housing vacancy rate is 18.3%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Chambers County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1980 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.8 | 5.5 |
The typical housing unit in Chambers County was built around 1980. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chambers County, Alabama.
What is the median home price in Chambers County, Alabama?
The median home price in Chambers County, Alabama is $85,961, lower than the Alabama average of $158,589.
What is the average home price in Chambers 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 Chambers County, Alabama?
The median gross rent in Chambers County, Alabama is $850 per month, lower than the Alabama average of $962.
What was the median gross rent in Chambers County in 2020?
In 2020, the median gross rent in Chambers County, Alabama was $734 per month.
What is the price-to-rent ratio in Chambers County, Alabama?
The price-to-rent ratio in Chambers County, Alabama is about 8.4, meaning it would take roughly 8.4 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 Chambers County.
Are home prices or rent rising faster in Chambers County, Alabama?
Both home prices and rent are rising in Chambers County, up about 9.4% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chambers County, Alabama?
58.0% of households in Chambers County, Alabama own their home, lower than the Alabama average of 59.5%.
What is the vacancy rate in Chambers County, Alabama?
The housing vacancy rate in Chambers County, Alabama is 18.3%, higher than the Alabama average of 15.0%.