Hale County, Alabama Housing Market Prices
Hale 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 91% below the Alabama median Among the top 3 cheapest counties in Alabama$15,227
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Median rent 29% below the Alabama median Cheaper than 73% of counties in Alabama$715
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $15,227 | $160,474 | $248,835 |
| Price Trend (Annual %) | 0.6% | 6.3% | 7.5% |
| Median Gross Rent | $715 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hale County is about 91% lower than in Alabama. Rent is about 29% 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 Hale County, up about 0.6% and 6.1% a year respectively. Rent is changing faster.
Median rent in Hale County rose about 55.5% between 2015 and 2024, from $460 to $715. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Hale County.
Buying the median-priced home in Hale County costs roughly 1.8 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 Hale County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $15,227 | $160,474 | $248,835 |
| Median Household Income | $39,591 | $64,544 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hale County fell about 49.8%, while median household income rose about 22.3% 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 | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.3% | 60.0% | 58.5% |
| Rental Rate | 19.0% | 25.5% | 31.2% |
| Vacancy Rate | 25.7% | 14.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Hale County has a homeownership rate of 55.3%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 25.7%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1989 | 1985 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Hale County was built around 1989. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Hale County, AL Housing Compared With Nearby Counties
How Hale County, AL compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hale County, AL | 14,829 | $15,227 #2/2 | $715 #2/2 | 74.4% #1/2 |
| Tuscaloosa County, AL | 237,556 | $247,448 | $1,037 | 61.4% |
Frequently Asked Questions
Common questions about the housing market in Hale County, Alabama.
What is the median home price in Hale County, Alabama?
The median home price in Hale County, Alabama is $15,227, lower than the Alabama average of $160,474.
What is the average home price in Hale County, Alabama?
The typical home price in Hale County, Alabama, reported as the median sale price, is $15,227. 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 Hale County, Alabama?
The median gross rent in Hale County, Alabama is $715 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Hale County in 2020?
In 2020, the median gross rent in Hale County, Alabama was $612 per month.
What is the price-to-rent ratio in Hale County, Alabama?
The price-to-rent ratio in Hale County, Alabama is about 1.8, meaning it would take roughly 1.8 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 Hale County.
Are home prices or rent rising faster in Hale County, Alabama?
Both home prices and rent are rising in Hale County, up about 0.6% and 6.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Hale County, Alabama?
55.3% of households in Hale County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Hale County, Alabama?
The housing vacancy rate in Hale County, Alabama is 25.7%, higher than the Alabama average of 14.5%.
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