Elmore County, Alabama Housing Market Prices
Elmore 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 69% below the Alabama median Cheaper than 88% of counties in Alabama$49,642
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Median rent 6% above the Alabama median More expensive than 89% of counties in Alabama$1,071
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elmore County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,642 | $160,474 | $248,835 |
| Price Trend (Annual %) | -11.0% | 6.3% | 7.5% |
| Median Gross Rent | $1,071 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elmore County is about 69% lower than in Alabama. Rent is about 6% higher than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Elmore County: home prices fell about 11.0% a year while rent rose about 3.5% a year. That is an unusual pattern worth watching.
Median rent in Elmore County rose about 36.5% between 2015 and 2024, from $785 to $1,071. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Elmore County.
Buying the median-priced home in Elmore County costs roughly 3.9 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 Elmore County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Elmore County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,642 | $160,474 | $248,835 |
| Median Household Income | $78,590 | $64,544 | $80,455 |
| Price-to-Income Ratio | 0.6 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elmore County fell about 71.2%, while median household income rose about 38.6% between 2009 and 2025 — 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 | Elmore County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 60.0% | 58.5% |
| Rental Rate | 20.3% | 25.5% | 31.2% |
| Vacancy Rate | 12.0% | 14.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Elmore County has a homeownership rate of 67.8%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 12.0%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Elmore County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Elmore County was built around 1988. On average, 2.6 people live in a home with about 6.3 rooms, staying for about 15.0 years on average.
Elmore County, AL Housing Compared With Nearby Counties
Elmore County, AL is the 2nd largest of the 4 counties compared here, 89,526 residents against a local median of 40,938. Elmore County, AL's median home price, at $49,642, runs 70% below the $167,433 typical of the counties around it.
Median rent tells the same story from another angle: $1,071 against a local median of $765, 40% above it. The one measure here that carries a verdict is homeownership, and at 25% above the local median it puts Elmore County, AL at the better end of the local range. The counties themselves spread $64,627 on median home price, so Elmore County, AL sits at one end of an already wide local range rather than apart from it. Elmore County, AL has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elmore County, AL | 89,526 | $49,642 #4/4 | $1,071 #2/4 | 77.0% #1/4 |
| Montgomery County, AL | 226,670 | $167,433 | $1,092 | 57.8% |
| Tallapoosa County, AL | 40,938 | $177,344 | $765 | 76.1% |
| Macon County, AL | 18,691 | $112,717 | $733 | 61.5% |
Frequently Asked Questions
Common questions about the housing market in Elmore County, Alabama.
What is the median home price in Elmore County, Alabama?
The median home price in Elmore County, Alabama is $49,642, lower than the Alabama average of $160,474.
What is the average home price in Elmore County, Alabama?
The typical home price in Elmore County, Alabama, reported as the median sale price, is $49,642. 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 Elmore County, Alabama?
The median gross rent in Elmore County, Alabama is $1,071 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Elmore County in 2020?
In 2020, the median gross rent in Elmore County, Alabama was $900 per month.
What is the price-to-rent ratio in Elmore County, Alabama?
The price-to-rent ratio in Elmore County, Alabama is about 3.9, meaning it would take roughly 3.9 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 Elmore County.
Are home prices or rent rising faster in Elmore County, Alabama?
Home prices and rent are moving in opposite directions in Elmore County: home prices fell about 11.0% a year while rent rose about 3.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Elmore County, Alabama?
67.8% of households in Elmore County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Elmore County, Alabama?
The housing vacancy rate in Elmore County, Alabama is 12.0%, lower than the Alabama average of 14.5%.
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