Lee County, Alabama Housing Market Prices
Lee 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 71% above the Alabama median Among the 5 most expensive counties in Alabama$274,879
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Median rent 5% above the Alabama median More expensive than 88% of counties in Alabama$1,058
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,879 | $160,474 | $248,835 |
| Price Trend (Annual %) | 12.9% | 6.3% | 7.5% |
| Median Gross Rent | $1,058 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lee County is about 71% higher than in Alabama. Rent is about 5% higher 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 Lee County, up about 12.9% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Lee County rose about 33.6% between 2015 and 2024, from $792 to $1,058. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Lee County.
Buying the median-priced home in Lee County costs roughly 21.7 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 Lee County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Lee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,879 | $160,474 | $248,835 |
| Median Household Income | $66,795 | $64,544 | $80,455 |
| Price-to-Income Ratio | 4.1 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lee County rose about 120.8%, while median household income rose about 67.8% 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 | Lee County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.9% | 60.0% | 58.5% |
| Rental Rate | 29.4% | 25.5% | 31.2% |
| Vacancy Rate | 12.8% | 14.5% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Lee County has a homeownership rate of 57.9%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 12.8%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Lee County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1993 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Lee County was built around 1993. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Lee County, AL Housing Compared With Nearby Counties
Lee County, AL is the 2nd largest of the 6 counties compared here, 181,134 residents against a local median of 36,086. The measure that sets Lee County, AL apart most is median home price: $274,879, 88% above the local median of $145,914.
The counties themselves spread $107,255 on median home price, so Lee County, AL sits at one end of an already wide local range rather than apart from it. Lee County, AL has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lee County, AL | 181,134 | $274,879 #1/6 | $1,058 #2/6 | 66.3% #3/6 |
| Chambers County, AL | 34,192 | $83,214 | $871 | 71.8% |
| Russell County, AL | 58,811 | $190,468 | $938 | 61.3% |
| Macon County, AL | 18,691 | $112,717 | $733 | 61.5% |
| Harris County, GA | 36,086 | $163,623 | $1,048 | 88.8% |
| Muscogee County, GA | 203,480 | $145,914 | $1,106 | 50.8% |
Frequently Asked Questions
Common questions about the housing market in Lee County, Alabama.
What is the median home price in Lee County, Alabama?
The median home price in Lee County, Alabama is $274,879, higher than the Alabama average of $160,474.
What is the average home price in Lee County, Alabama?
The typical home price in Lee County, Alabama, reported as the median sale price, is $274,879. 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 Lee County, Alabama?
The median gross rent in Lee County, Alabama is $1,058 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Lee County in 2020?
In 2020, the median gross rent in Lee County, Alabama was $856 per month.
What is the price-to-rent ratio in Lee County, Alabama?
The price-to-rent ratio in Lee County, Alabama is about 21.7, meaning it would take roughly 21.7 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 Lee County.
Are home prices or rent rising faster in Lee County, Alabama?
Both home prices and rent are rising in Lee County, up about 12.9% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lee County, Alabama?
57.9% of households in Lee County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Lee County, Alabama?
The housing vacancy rate in Lee County, Alabama is 12.8%, lower than the Alabama average of 14.5%.
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