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 | Macon County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $117,520 | $158,589 | $242,182 |
| Price Trend (Annual %) | 31.6% | 7.1% | 8.2% |
| Median Gross Rent | $709 | $962 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Macon County is about 26% lower than in Alabama. Rent is about 26% 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 Macon County, up about 31.6% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Macon County rose about 19.9% between 2015 and 2023, from $591 to $709. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Macon County.
Buying the median-priced home in Macon County costs roughly 13.8 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 Macon County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Macon County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $117,520 | $158,589 | $242,182 |
| Median Household Income | $45,813 | $62,318 | $78,145 |
| Price-to-Income Ratio | 2.6 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Macon County rose about 90.1%, while median household income rose about 71.5% between 2009 and 2023 — 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 | Macon County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.0% | 59.5% | 58.2% |
| Rental Rate | 26.0% | 25.6% | 31.3% |
| Vacancy Rate | 26.0% | 15.0% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Macon County has a homeownership rate of 48.0%, lower than the Alabama average of 59.5%. Its housing vacancy rate is 26.0%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Macon County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1989 | 1985 | 1978 |
| Median Number of Rooms | 6.1 | 5.8 | 5.5 |
The typical housing unit in Macon County was built around 1989. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Macon County, Alabama.
What is the median home price in Macon County, Alabama?
The median home price in Macon County, Alabama is $117,520, lower than the Alabama average of $158,589.
What is the average home price in Macon 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 Macon County, Alabama?
The median gross rent in Macon County, Alabama is $709 per month, lower than the Alabama average of $962.
What was the median gross rent in Macon County in 2020?
In 2020, the median gross rent in Macon County, Alabama was $621 per month.
What is the price-to-rent ratio in Macon County, Alabama?
The price-to-rent ratio in Macon County, Alabama is about 13.8, meaning it would take roughly 13.8 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 Macon County.
Are home prices or rent rising faster in Macon County, Alabama?
Both home prices and rent are rising in Macon County, up about 31.6% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Macon County, Alabama?
48.0% of households in Macon County, Alabama own their home, lower than the Alabama average of 59.5%.
What is the vacancy rate in Macon County, Alabama?
The housing vacancy rate in Macon County, Alabama is 26.0%, higher than the Alabama average of 15.0%.