Alabaster, AL—35007
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Alabaster, AL
Home Price Trends — Alabaster, AL
As of Oct '25, the median home price in Alabaster, AL is $285,000, with a year-over-year change of 0.7%. This indicates that home prices in Alabaster, AL are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | 0.7% |
| Single Family | $285,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 0.6% |
3 Bed | $267,000 | 0.8% |
4 Bed | $333,000 | 1.2% |
| 5 Bed | $407,000 | 0.7% |
% of Housing Stock
Rental Trends — Alabaster, AL
As of July '25, Rentcast reports the average rent in Alabaster, AL is $1,890, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Alabaster, AL is 1-bedrooms: $825, 2-bedrooms: $1,360, 3-bedrooms: $1,860, 4-bedrooms: $2,060. The most common rental property sizes in Alabaster, AL are 2-bedroom and 3-bedroom, accounting for 40.1% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $825 | $825 |
| 2 Bed Rent | $1,120 | $1,360 |
| 3 Bed Rent | $1,840 | $1,860 |
| 4 Bed Rent | $2,000 | $2,060 |
% of Rental Stock
Property Listings — Alabaster, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Alabaster, AL is 44. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -2.0% |
Listing Count | 121 | -18.0% |
| Listings as % of Homes | 0.6% | -18.0% |
Days on Market | 44 | 1.0% |
Demographics — Alabaster, AL
As of the latest ACS Survey released in 2023, Alabaster, AL has a population of 27,900, which has increased by 6.1% over the past 5 years. Alabaster, AL is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 6.1% |
% Under 18 | 25.3% | -7.0% |
% Seniors | 13.0% | 5.7% |
% WFH | 15.9% | 218.0% |
% w/ College Degree | 38.3% | 28.1% |
As of the latest ACS Survey released in 2023, Alabaster, AL is a predominantly white area, with 69.0% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Alabaster, AL is black, making up 13.9% of the population. Foreign-born residents account for 6.5% of the population in Alabaster, AL, and this percentage has decreased by 3.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.0% | -3.9% |
% Black | 13.9% | 0.7% |
% Hispanic | 12.6% | 13.5% |
% Asian | 1.5% | 15.4% |
% Foreign Born | 6.5% | -3.0% |
Mortgage and Risk — Alabaster, AL
According to HUD data as of 2023, there were 744 mortgage originations in Alabaster, AL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Alabaster, AL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 744 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Alabaster, AL
As of 2024, the percent of homes in Alabaster, AL under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Alabaster, AL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $455 | $825 | $1,280 |
| 2 Bedroom | $300 | $1,120 | $1,420 |
| 3 Bedroom | -$70 | $1,840 | $1,770 |
| 4 Bedroom | $10 | $2,000 | $2,010 |
Affordability — Alabaster, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $285,000 |
| Median Household Income | $87,000 |