Bessemer, AL—35022
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 $274,000, with a year-over-year change of 0.5%. This indicates that home prices in Bessemer, AL are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | 0.5% |
| Single Family | $273,000 | 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 | $146,000 | -0.7% |
3 Bed | $250,000 | 0.8% |
4 Bed | $333,000 | -0.3% |
| 5 Bed | $365,000 | -0.3% |
% of Housing Stock
Rental Trends — Bessemer, AL
As of July '25, Rentcast reports the average rent in Bessemer, AL is $2,030, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Bessemer, AL is studios: $1,230, 2-bedrooms: $1,340, 3-bedrooms: $1,910, 4-bedrooms: $2,040. The most common rental property sizes in Bessemer, AL are 2-bedroom and 3-bedroom, accounting for 39.3% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,030 |
| Studio Rent | $1,230 | $1,230 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,520 | $1,340 |
| 3 Bed Rent | $1,880 | $1,910 |
| 4 Bed Rent | $2,080 | $2,040 |
% 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 61. This is a increase of 26.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 1.0% |
Listing Count | 150 | 5.0% |
| Listings as % of Homes | 0.8% | 5.0% |
Days on Market | 61 | 26.0% |
Demographics — Bessemer, AL
As of the latest ACS Survey released in 2023, Bessemer, AL has a population of 24,000, which has increased by 18.3% over the past 5 years. Bessemer, AL is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | 18.3% |
% Under 18 | 20.0% | 3.6% |
% Seniors | 22.0% | 23.6% |
% WFH | 18.6% | 644.0% |
% w/ College Degree | 34.0% | 11.5% |
As of the latest ACS Survey released in 2023, Bessemer, AL is a predominantly black area, with 52.7% of the population identifying as black. The black population has grown by 31.1% in the last 5 years. The second most common race or ethnicity in Bessemer, AL is white, making up 40.9% of the population. Foreign-born residents account for 3.7% of the population in Bessemer, AL, and this percentage has decreased by 2.6% 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 | 40.9% | -23.6% |
% Black | 52.7% | 31.1% |
% Hispanic | 3.0% | 11.1% |
% Asian | 1.4% | -30.0% |
% Foreign Born | 3.7% | -2.6% |
Mortgage and Risk — Bessemer, AL
According to HUD data as of 2023, there were 411 mortgage originations in Bessemer, AL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Bessemer, AL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 411 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
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 | 290 |
Total Units Section 8 | 162 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | -$390 | $1,520 | $1,130 |
| 3 Bedroom | -$460 | $1,880 | $1,420 |
| 4 Bedroom | -$480 | $2,080 | $1,600 |
Affordability — Bessemer, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $274,000 |
| Median Household Income | $79,100 |