Monroe County, Alabama Housing Market Prices
Monroe 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 79% below the Alabama median Among the top 5 cheapest counties in Alabama$33,827
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Median rent 34% below the Alabama median Cheaper than 83% of counties in Alabama$666
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,827 | $160,474 | $248,835 |
| Price Trend (Annual %) | 4.3% | 6.3% | 7.5% |
| Median Gross Rent | $666 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 79% lower than in Alabama. Rent is about 34% 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 Monroe County, up about 4.3% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 24.2% between 2015 and 2024, from $536 to $666. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 4.2 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 Monroe County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Monroe County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,827 | $160,474 | $248,835 |
| Median Household Income | $42,532 | $64,544 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County fell about 60.1%, while median household income rose about 31.8% 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 | Monroe County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.7% | 60.0% | 58.5% |
| Rental Rate | 20.4% | 25.5% | 31.2% |
| Vacancy Rate | 27.9% | 14.5% | 10.2% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Monroe County has a homeownership rate of 51.7%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 27.9%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Monroe County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1986 | 1985 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Monroe County was built around 1986. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 20.0 years on average.
Monroe County, AL Housing Compared With Nearby Counties
Monroe County, AL is typical in size for this group, 19,388 residents against a local median of 20,587, so the measures below are close to a like for like comparison. Monroe County, AL's median home price, at $33,827, runs 69% below the $109,903 typical of the counties around it.
The counties themselves spread $128,578 on median home price, so Monroe County, AL sits at one end of an already wide local range rather than apart from it. Monroe County, AL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, AL | 19,388 | $33,827 #5/5 | $666 #5/5 | 71.7% #2/5 |
| Conecuh County, AL | 11,275 | $145,898 | $834 | 74.3% |
| Clarke County, AL | 22,543 | $55,384 | $781 | 70.8% |
| Escambia County, AL | 36,629 | $183,962 | $766 | 70.9% |
| Butler County, AL | 18,630 | $73,908 | $724 | 65.8% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Alabama.
What is the median home price in Monroe County, Alabama?
The median home price in Monroe County, Alabama is $33,827, lower than the Alabama average of $160,474.
What is the average home price in Monroe County, Alabama?
The typical home price in Monroe County, Alabama, reported as the median sale price, is $33,827. 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 Monroe County, Alabama?
The median gross rent in Monroe County, Alabama is $666 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Alabama was $601 per month.
What is the price-to-rent ratio in Monroe County, Alabama?
The price-to-rent ratio in Monroe County, Alabama is about 4.2, meaning it would take roughly 4.2 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 Monroe County.
Are home prices or rent rising faster in Monroe County, Alabama?
Both home prices and rent are rising in Monroe County, up about 4.3% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Alabama?
51.7% of households in Monroe County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Monroe County, Alabama?
The housing vacancy rate in Monroe County, Alabama is 27.9%, higher than the Alabama average of 14.5%.
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