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 | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,027 | $158,589 | $242,182 |
| Price Trend (Annual %) | 6.4% | 7.1% | 8.2% |
| Median Gross Rent | $969 | $962 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coffee County is about 27% higher than in Alabama. Rent is about 1% higher 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 Coffee County, up about 6.4% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Coffee County rose about 42.1% between 2015 and 2023, from $682 to $969. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Coffee County.
Buying the median-priced home in Coffee County costs roughly 17.4 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 Coffee County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,027 | $158,589 | $242,182 |
| Median Household Income | $63,712 | $62,318 | $78,145 |
| Price-to-Income Ratio | 3.2 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Coffee County rose about 25.7%, while median household income rose about 52.2% 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 | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 59.5% | 58.2% |
| Rental Rate | 26.3% | 25.6% | 31.3% |
| Vacancy Rate | 14.5% | 15.0% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Coffee County has a homeownership rate of 59.2%, about the same as the Alabama average of 59.5%. Its housing vacancy rate is 14.5%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1985 | 1985 | 1978 |
| Median Number of Rooms | 6.0 | 5.8 | 5.5 |
The typical housing unit in Coffee County was built around 1985. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coffee County, Alabama.
What is the median home price in Coffee County, Alabama?
The median home price in Coffee County, Alabama is $202,027, higher than the Alabama average of $158,589.
What is the average home price in Coffee 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 Coffee County, Alabama?
The median gross rent in Coffee County, Alabama is $969 per month, higher than the Alabama average of $962.
What was the median gross rent in Coffee County in 2020?
In 2020, the median gross rent in Coffee County, Alabama was $802 per month.
What is the price-to-rent ratio in Coffee County, Alabama?
The price-to-rent ratio in Coffee County, Alabama is about 17.4, meaning it would take roughly 17.4 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 Coffee County.
Are home prices or rent rising faster in Coffee County, Alabama?
Both home prices and rent are rising in Coffee County, up about 6.4% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coffee County, Alabama?
59.2% of households in Coffee County, Alabama own their home, about the same as the Alabama average.
What is the vacancy rate in Coffee County, Alabama?
The housing vacancy rate in Coffee County, Alabama is 14.5%, lower than the Alabama average of 15.0%.