Colbert County, Alabama Housing Market Prices
Colbert County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% below the Alabama median$143,494
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Median rent 12% below the Alabama median More expensive than 74% of counties in Alabama$886
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Colbert County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,494 | $160,474 | $248,835 |
| Price Trend (Annual %) | 7.4% | 6.3% | 7.5% |
| Median Gross Rent | $886 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Colbert County is about 11% lower than in Alabama. Rent is about 12% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Colbert County, up about 7.4% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Colbert County rose about 40.2% between 2015 and 2024, from $632 to $886. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Colbert County.
Buying the median-priced home in Colbert County costs roughly 13.5 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 Colbert County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Colbert County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,494 | $160,474 | $248,835 |
| Median Household Income | $60,701 | $64,544 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Colbert County rose about 59.9%, while median household income rose about 48.2% between 2009 and 2025 — 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 | Colbert County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 60.0% | 58.5% |
| Rental Rate | 24.9% | 25.5% | 31.2% |
| Vacancy Rate | 13.3% | 14.5% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Colbert County has a homeownership rate of 61.8%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 13.3%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Colbert County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Colbert County was built around 1981. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Colbert County, AL Housing Compared With Nearby Counties
How Colbert County, AL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Colbert County, AL | 58,022 | $143,494 #2/3 | $886 #1/3 | 71.3% #2/3 |
| Lauderdale County, AL | 95,537 | $260,000 | $838 | 68.9% |
| Franklin County, AL | 31,966 | $124,863 | $675 | 72.4% |
Frequently Asked Questions
Common questions about the housing market in Colbert County, Alabama.
What is the median home price in Colbert County, Alabama?
The median home price in Colbert County, Alabama is $143,494, lower than the Alabama average of $160,474.
What is the average home price in Colbert County, Alabama?
The typical home price in Colbert County, Alabama, reported as the median sale price, is $143,494. 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 Colbert County, Alabama?
The median gross rent in Colbert County, Alabama is $886 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Colbert County in 2020?
In 2020, the median gross rent in Colbert County, Alabama was $712 per month.
What is the price-to-rent ratio in Colbert County, Alabama?
The price-to-rent ratio in Colbert County, Alabama is about 13.5, meaning it would take roughly 13.5 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 Colbert County.
Are home prices or rent rising faster in Colbert County, Alabama?
Both home prices and rent are rising in Colbert County, up about 7.4% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Colbert County, Alabama?
61.8% of households in Colbert County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Colbert County, Alabama?
The housing vacancy rate in Colbert County, Alabama is 13.3%, lower than the Alabama average of 14.5%.
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