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 | Coosa County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,217 | $158,589 | $242,182 |
| Price Trend (Annual %) | 6.4% | 7.1% | 8.2% |
| Median Gross Rent | $682 | $962 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coosa County is about 4% higher than in Alabama. Rent is about 29% 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 Coosa County, up about 6.4% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Coosa County rose about 14.3% between 2015 and 2023, from $596 to $682. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Coosa County.
Buying the median-priced home in Coosa County costs roughly 20.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coosa County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Coosa County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,217 | $158,589 | $242,182 |
| Median Household Income | $57,082 | $62,318 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Coosa County fell about 7.7%, while median household income rose about 69.1% 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 | Coosa County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 59.5% | 58.2% |
| Rental Rate | 13.0% | 25.6% | 31.3% |
| Vacancy Rate | 30.5% | 15.0% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Coosa County has a homeownership rate of 56.5%, lower than the Alabama average of 59.5%. Its housing vacancy rate is 30.5%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Coosa County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1984 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.8 | 5.5 |
The typical housing unit in Coosa County was built around 1984. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coosa County, Alabama.
What is the median home price in Coosa County, Alabama?
The median home price in Coosa County, Alabama is $165,217, higher than the Alabama average of $158,589.
What is the average home price in Coosa 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 Coosa County, Alabama?
The median gross rent in Coosa County, Alabama is $682 per month, lower than the Alabama average of $962.
What was the median gross rent in Coosa County in 2020?
In 2020, the median gross rent in Coosa County, Alabama was $611 per month.
What is the price-to-rent ratio in Coosa County, Alabama?
The price-to-rent ratio in Coosa County, Alabama is about 20.2, meaning it would take roughly 20.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coosa County.
Are home prices or rent rising faster in Coosa County, Alabama?
Both home prices and rent are rising in Coosa County, up about 6.4% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coosa County, Alabama?
56.5% of households in Coosa County, Alabama own their home, lower than the Alabama average of 59.5%.
What is the vacancy rate in Coosa County, Alabama?
The housing vacancy rate in Coosa County, Alabama is 30.5%, higher than the Alabama average of 15.0%.