Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$350,993+4.1% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$76,088About 1.1× the local median income ($70,233): a stretch for a typical household
Days on market77 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.4%Zillow expects prices to rise slightly
The typical home in Lee County, AL is worth $350,993, up 4.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $339,065, so the area is 3.5% overvalued. It is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 32% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 3.4% over the next year. A household needs about $76,088 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 $70,233. Typical rent is $1,595 a month, or $1,960 for a house. In the latest IRS figures, 463 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
$350,993
Change in 1 year
+4.1%
Overvalued %
+3.5%
Show 7 more
Fair home value
$339,065
Change in 5 years
+27.2%
Zillow forecast, next 12 months
+3.4%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$1,902
Income needed to afford it
$76,088
Property tax rate
0.48%
Rent and investing
Typical rent
$1,595
Typical rent for houses
$1,960
Price-to-rent ratio
18.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,277
Gross rental yield
5.45%
Cap rate (estimate)
3.54%
Market activity
Listings vs a year ago
+31.9%
Days on market
77
Listings with a price cut
17.8%
Show 3 more
Homes for sale
950
Pending sales per 100 listings
11
Asking price per sq ft
$199
People and jobs
Median household income
$70,233
Population change (1 year)
+1.1%
Unemployment rate
3.5%
Show 4 more
Population
189,881
Income adjusted for cost of living
$79,901
Net moves in (IRS)
+463
Cost of living (US = 100)
87.9
Schools, risk and environment
School rating (1 to 10)
7.5
FEMA hazard risk score (0 to 100)
79.7
Flood risk score
84.7
Show 3 more
Wildfire risk score
72.4
Walkability (1 to 20)
6.2
Road, rail and air noise
53 dB
Questions people ask
Is Lee County, AL overvalued?
Home prices in Lee County, AL are slightly above what local incomes have historically supported: fair value is about $339,065, so the area is 3.5% overvalued.
Is Lee County, AL a buyer's or seller's market?
Lee County, AL is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 32% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Lee County, AL?
Home values in Lee County, AL are up 4.1% over the last year. Zillow's forecast for the next 12 months is +3.4%.
How much do you need to earn to buy a home in Lee County, AL?
A household needs about $76,088 a year to afford the typical home in Lee County, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,233.