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 | Cleburne County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,923 | $158,589 | $242,182 |
| Price Trend (Annual %) | 17.4% | 7.1% | 8.2% |
| Median Gross Rent | $791 | $962 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cleburne County is about 12% higher than in Alabama. Rent is about 18% 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 Cleburne County, up about 17.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Cleburne County rose about 41.9% between 2015 and 2023, from $557 to $791. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Cleburne County.
Buying the median-priced home in Cleburne County costs roughly 18.6 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 Cleburne County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Cleburne County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,923 | $158,589 | $242,182 |
| Median Household Income | $54,162 | $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 Cleburne County rose about 143.5%, while median household income rose about 59.9% 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 | Cleburne County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.3% | 59.5% | 58.2% |
| Rental Rate | 17.0% | 25.6% | 31.3% |
| Vacancy Rate | 14.7% | 15.0% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Cleburne County has a homeownership rate of 68.3%, higher than the Alabama average of 59.5%. Its housing vacancy rate is 14.7%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Cleburne County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1984 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.8 | 5.5 |
The typical housing unit in Cleburne County was built around 1984. On average, 2.6 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 Cleburne County, Alabama.
What is the median home price in Cleburne County, Alabama?
The median home price in Cleburne County, Alabama is $176,923, higher than the Alabama average of $158,589.
What is the average home price in Cleburne 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 Cleburne County, Alabama?
The median gross rent in Cleburne County, Alabama is $791 per month, lower than the Alabama average of $962.
What was the median gross rent in Cleburne County in 2020?
In 2020, the median gross rent in Cleburne County, Alabama was $659 per month.
What is the price-to-rent ratio in Cleburne County, Alabama?
The price-to-rent ratio in Cleburne County, Alabama is about 18.6, meaning it would take roughly 18.6 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 Cleburne County.
Are home prices or rent rising faster in Cleburne County, Alabama?
Both home prices and rent are rising in Cleburne County, up about 17.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cleburne County, Alabama?
68.3% of households in Cleburne County, Alabama own their home, higher than the Alabama average of 59.5%.
What is the vacancy rate in Cleburne County, Alabama?
The housing vacancy rate in Cleburne County, Alabama is 14.7%, lower than the Alabama average of 15.0%.