Oak Grove, AL—35006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Grove, AL
As of Oct '25, the median home price in Oak Grove, AL is $128,000, with a year-over-year change of -0.2%. This indicates that home prices in Oak Grove, AL are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $128,000 | -0.2% |
| Single Family | $128,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $85,000 | 4.9% |
3 Bed | $174,000 | 4.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oak Grove, AL
Oak Grove, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oak Grove, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Grove, AL is 234. This is a increase of 136.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | -34.0% |
Listing Count | 7 | -37.0% |
| Listings as % of Homes | 0.3% | -37.0% |
Days on Market | 234 | 136.0% |
Demographics — Oak Grove, AL
As of the latest ACS Survey released in 2023, Oak Grove, AL has a population of 3,600, which has increased by 23.0% over the past 5 years. Oak Grove, AL is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 8.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,600 | 23.0% |
% Under 18 | 19.7% | -6.6% |
% Seniors | 24.1% | 26.2% |
% WFH | 6.6% | 106.2% |
% w/ College Degree | 8.2% | -16.3% |
As of the latest ACS Survey released in 2023, Oak Grove, AL is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Oak Grove, AL is black, making up 10.1% of the population. Foreign-born residents account for 0.5% of the population in Oak Grove, AL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.5% | -8.9% |
% Black | 10.1% | 215.6% |
% Hispanic | 0.5% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | ∞% |
Mortgage and Risk — Oak Grove, AL
According to HUD data as of 2023, there were 83 mortgage originations in Oak Grove, AL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Oak Grove, AL. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Oak Grove, AL
Oak Grove, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Oak Grove, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $128,000 |
| Median Household Income | $65,100 |