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 | Talladega County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,181 | $158,589 | $242,182 |
| Price Trend (Annual %) | -3.2% | 7.1% | 8.2% |
| Median Gross Rent | $771 | $962 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Talladega County is about 44% lower than in Alabama. Rent is about 20% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Talladega County: home prices fell about 3.2% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
Median rent in Talladega County rose about 32.3% between 2015 and 2023, from $583 to $771. Over the same span, rent in Alabama rose about 34.2%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Talladega County.
Buying the median-priced home in Talladega County costs roughly 9.6 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 Talladega County. The price-to-rent ratio in Alabama is about 13.7.
| Metric | Talladega County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,181 | $158,589 | $242,182 |
| Median Household Income | $55,701 | $62,318 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Talladega County fell about 18.0%, while median household income rose about 54.7% between 2009 and 2023 — 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 | Talladega County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 59.5% | 58.2% |
| Rental Rate | 23.6% | 25.6% | 31.3% |
| Vacancy Rate | 14.1% | 15.0% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Talladega County has a homeownership rate of 62.3%, higher than the Alabama average of 59.5%. Its housing vacancy rate is 14.1%, compared with 15.0% in Alabama.
Housing Stock
| Metric | Talladega County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.50 people | 2.54 people |
| Median Structure Built Year | 1983 | 1985 | 1978 |
| Median Number of Rooms | 5.9 | 5.8 | 5.5 |
The typical housing unit in Talladega County was built around 1983. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Talladega County, Alabama.
What is the median home price in Talladega County, Alabama?
The median home price in Talladega County, Alabama is $89,181, lower than the Alabama average of $158,589.
What is the average home price in Talladega 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 Talladega County, Alabama?
The median gross rent in Talladega County, Alabama is $771 per month, lower than the Alabama average of $962.
What was the median gross rent in Talladega County in 2020?
In 2020, the median gross rent in Talladega County, Alabama was $666 per month.
What is the price-to-rent ratio in Talladega County, Alabama?
The price-to-rent ratio in Talladega County, Alabama is about 9.6, meaning it would take roughly 9.6 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 Talladega County.
Are home prices or rent rising faster in Talladega County, Alabama?
Home prices and rent are moving in opposite directions in Talladega County: home prices fell about 3.2% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Talladega County, Alabama?
62.3% of households in Talladega County, Alabama own their home, higher than the Alabama average of 59.5%.
What is the vacancy rate in Talladega County, Alabama?
The housing vacancy rate in Talladega County, Alabama is 14.1%, lower than the Alabama average of 15.0%.