Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$185,225+5.8% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$40,153About 0.7× the local median income ($57,284): affordable for a typical household
Days on market73 daysAbout the same pace as a year ago
Next 12 months+3.4%Zillow expects prices to rise slightly
The typical home in Gadsden, AL is worth $185,225, up 5.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $164,365, so the area is 12.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are up 8% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 3.4% over the next year. A household needs about $40,153 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 $57,284. Typical rent is $1,072 a month, or $1,176 for a house. In the latest IRS figures, 459 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
$185,225
Change in 1 year
+5.8%
Overvalued %
+12.7%
Show 7 more
Fair home value
$164,365
Change in 5 years
+23.0%
Zillow forecast, next 12 months
+3.4%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,004
Income needed to afford it
$40,153
Property tax rate
0.39%
Rent and investing
Typical rent
$1,072
Typical rent for houses
$1,176
Price-to-rent ratio
14.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$975
Gross rental yield
6.94%
Cap rate (estimate)
4.51%
Market activity
Listings vs a year ago
+8.5%
Days on market
73
Listings with a price cut
21.1%
Show 3 more
Homes for sale
382
Pending sales per 100 listings
24
Asking price per sq ft
$138
People and jobs
Median household income
$57,284
Population change (1 year)
+0.4%
Unemployment rate
5.9%
Show 4 more
Population
103,886
Income adjusted for cost of living
$66,842
Net moves in (IRS)
+459
Cost of living (US = 100)
85.7
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
87.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
87.5
Wildfire risk score
72.7
Walkability (1 to 20)
5.9
Road, rail and air noise
54 dB
Questions people ask
Is Gadsden, AL overvalued?
Home prices in Gadsden, AL are well above what local incomes have historically supported: fair value is about $164,365, so the area is 12.7% overvalued.
Is Gadsden, AL a buyer's or seller's market?
Gadsden, AL is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are up 8% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Gadsden, AL?
Home values in Gadsden, AL are up 5.8% 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 Gadsden, AL?
A household needs about $40,153 a year to afford the typical home in Gadsden, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,284.