Bessemer, AL—35020
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bessemer, AL
Home Price Trends — Bessemer, AL
As of Oct '25, the median home price in Bessemer, AL is $64,000, with a year-over-year change of -6.1%. This indicates that home prices in Bessemer, AL are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $64,000 | -6.1% |
| Single Family | $64,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $29,000 | -6.5% |
2 Bed | $43,000 | -6.5% |
3 Bed | $74,000 | -3.9% |
4 Bed | $113,000 | -5.0% |
| 5 Bed | $209,000 | -0.5% |
% of Housing Stock
Rental Trends — Bessemer, AL
As of July '25, Rentcast reports the average rent in Bessemer, AL is $1,170, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Bessemer, AL is 2-bedrooms: $955, 3-bedrooms: $1,140, 4-bedrooms: $1,320. The most common rental property sizes in Bessemer, AL are 2-bedroom and 3-bedroom, accounting for 39.3% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $955 |
| 3 Bed Rent | $1,100 | $1,140 |
| 4 Bed Rent | $1,350 | $1,320 |
% of Rental Stock
Property Listings — Bessemer, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bessemer, AL is 79. This is a increase of 57.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $120,000 | 0.0% |
Listing Count | 90 | 29.0% |
| Listings as % of Homes | 0.4% | 29.0% |
Days on Market | 79 | 57.0% |
Demographics — Bessemer, AL
As of the latest ACS Survey released in 2023, Bessemer, AL has a population of 25,300, which has decreased by -3.9% over the past 5 years. Bessemer, AL is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | -3.9% |
% Under 18 | 24.4% | 5.6% |
% Seniors | 19.5% | 21.1% |
% WFH | 4.0% | 100.0% |
% w/ College Degree | 9.9% | -10.8% |
As of the latest ACS Survey released in 2023, Bessemer, AL is a predominantly black area, with 73.8% of the population identifying as black. The black population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Bessemer, AL is hispanic, making up 12.6% of the population. Foreign-born residents account for 5.3% of the population in Bessemer, AL, and this percentage has increased by 12.8% 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 | 11.4% | -34.1% |
% Black | 73.8% | 0.1% |
% Hispanic | 12.6% | 110.0% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 5.3% | 12.8% |
Mortgage and Risk — Bessemer, AL
According to HUD data as of 2023, there were 142 mortgage originations in Bessemer, AL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Bessemer, AL. Investor activity is low, as 10.0% 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 | 142 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bessemer, AL
Bessemer, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,694 |
Total Units Section 8 | 951 |
% Rentals under Section 8 | 21.4% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | $180 | $950 | $1,130 |
| 3 Bedroom | $320 | $1,100 | $1,420 |
| 4 Bedroom | $230 | $1,350 | $1,580 |
Affordability — Bessemer, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $64,000 |
| Median Household Income | $33,200 |