Greene County, Alabama Housing Market Prices
Greene 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 66% below the Alabama median Cheaper than 86% of counties in Alabama$55,000
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Median rent 57% below the Alabama median Cheapest county in Alabama$432
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greene County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,000 | $160,474 | $248,835 |
| Price Trend (Annual %) | 23.4% | 6.3% | 7.5% |
| Median Gross Rent | $432 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greene County is about 66% lower than in Alabama. Rent is about 57% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greene County, up about 23.4% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Greene County rose about 26.2% between 2015 and 2024, from $342 to $432. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Greene County.
Buying the median-priced home in Greene County costs roughly 10.6 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 Greene County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Greene County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,000 | $160,474 | $248,835 |
| Median Household Income | $29,432 | $64,544 | $80,455 |
| Price-to-Income Ratio | 1.9 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Greene County rose about 877.8%, while median household income rose about 24.2% 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 | Greene County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.4% | 60.0% | 58.5% |
| Rental Rate | 28.9% | 25.5% | 31.2% |
| Vacancy Rate | 24.6% | 14.5% | 10.2% |
| Median Tenure (years) | 24.0 | 16.0 | 15.0 |
| Median Year Moved In | 2002 | 2010 | 2011 |
Greene County has a homeownership rate of 46.4%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 24.6%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Greene County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Greene County was built around 1981. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 24.0 years on average.
Greene County, AL Housing Compared With Nearby Counties
How Greene County, AL compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greene County, AL | 7,424 | $55,000 #2/2 | $432 #2/2 | 61.6% #1/2 |
| Tuscaloosa County, AL | 237,556 | $247,448 | $1,037 | 61.4% |
Frequently Asked Questions
Common questions about the housing market in Greene County, Alabama.
What is the median home price in Greene County, Alabama?
The median home price in Greene County, Alabama is $55,000, lower than the Alabama average of $160,474.
What is the average home price in Greene County, Alabama?
The typical home price in Greene County, Alabama, reported as the median sale price, is $55,000. 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 Greene County, Alabama?
The median gross rent in Greene County, Alabama is $432 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Greene County in 2020?
In 2020, the median gross rent in Greene County, Alabama was $559 per month.
What is the price-to-rent ratio in Greene County, Alabama?
The price-to-rent ratio in Greene County, Alabama is about 10.6, meaning it would take roughly 10.6 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 Greene County.
Are home prices or rent rising faster in Greene County, Alabama?
Both home prices and rent are rising in Greene County, up about 23.4% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greene County, Alabama?
46.4% of households in Greene County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Greene County, Alabama?
The housing vacancy rate in Greene County, Alabama is 24.6%, higher than the Alabama average of 14.5%.
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