Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$196,003+2.0% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$42,489About 0.7× the local median income ($62,972): affordable for a typical household
Days on market74 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.7%Zillow expects prices to rise slightly
The typical home in Colbert County, AL is worth $196,003, up 2.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $191,669, so the area is 2.3% overvalued. It is a buyer's market: homes take about 74 days to sell, listings are up 23% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 1.7% over the next year. A household needs about $42,489 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,972. Typical rent is $949 a month, or $1,303 for a house. In the latest IRS figures, 502 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$196,003
Change in 1 year
+2.0%
Overvalued %
+2.3%
Show 7 more
Fair home value
$191,669
Change in 5 years
+23.6%
Zillow forecast, next 12 months
+1.7%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,062
Income needed to afford it
$42,489
Property tax rate
0.40%
Rent and investing
Typical rent
$949
Typical rent for houses
$1,303
Price-to-rent ratio
17.2×
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HUD Fair Market Rent, 2 bedrooms
$1,085
Gross rental yield
5.81%
Cap rate (estimate)
3.78%
Market activity
Listings vs a year ago
+22.6%
Days on market
74
Listings with a price cut
25.9%
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Homes for sale
342
Pending sales per 100 listings
22
Asking price per sq ft
$147
People and jobs
Median household income
$62,972
Population change (1 year)
+0.7%
Unemployment rate
3.1%
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Population
59,474
Income adjusted for cost of living
$74,259
Net moves in (IRS)
+502
Cost of living (US = 100)
84.8
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
80.7
Unhealthy air days a year
0
Show 4 more
Flood risk score
76.5
Wildfire risk score
28.3
Walkability (1 to 20)
6.5
Road, rail and air noise
51 dB
Questions people ask
Is Colbert County, AL overvalued?
Home prices in Colbert County, AL are slightly above what local incomes have historically supported: fair value is about $191,669, so the area is 2.3% overvalued.
Is Colbert County, AL a buyer's or seller's market?
Colbert County, AL is a buyer's market: homes take about 74 days to sell, listings are up 23% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Colbert County, AL?
Home values in Colbert County, AL are up 2.0% over the last year. Zillow's forecast for the next 12 months is +1.7%.
How much do you need to earn to buy a home in Colbert County, AL?
A household needs about $42,489 a year to afford the typical home in Colbert County, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,972.