Chelsea, AL—35043
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chelsea, AL
As of Oct '25, the median home price in Chelsea, AL is $377,000, with a year-over-year change of 1.3%. This indicates that home prices in Chelsea, AL are increasing. 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 | $377,000 | 1.3% |
| Single Family | $377,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $326,000 | 0.9% |
4 Bed | $394,000 | 1.0% |
| 5 Bed | $484,000 | 2.1% |
% of Housing Stock
Rental Trends — Chelsea, AL
As of July '25, Rentcast reports the average rent in Chelsea, AL is $2,190, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Chelsea, AL is 2-bedrooms: $1,850, 3-bedrooms: $1,970, 4-bedrooms: $2,340. The most common rental property sizes in Chelsea, AL are 3-bedroom and 2-bedroom, accounting for 65.1% and 15.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,220 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,850 | $1,850 |
| 3 Bed Rent | $2,000 | $1,970 |
| 4 Bed Rent | $2,340 | $2,340 |
% of Rental Stock
Property Listings — Chelsea, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Chelsea, AL is 53. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | -17.0% |
Listing Count | 136 | 6.0% |
| Listings as % of Homes | 2.3% | 6.0% |
Days on Market | 53 | -13.0% |
Demographics — Chelsea, AL
As of the latest ACS Survey released in 2023, Chelsea, AL has a population of 15,100, which has increased by 31.5% over the past 5 years. Chelsea, AL is a popular place for families, as children make up 28.0% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 31.5% |
% Under 18 | 28.0% | -4.8% |
% Seniors | 16.6% | 28.7% |
% WFH | 13.7% | 80.3% |
% w/ College Degree | 42.9% | -0.7% |
As of the latest ACS Survey released in 2023, Chelsea, AL is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Chelsea, AL is black, making up 5.7% of the population. Foreign-born residents account for 3.1% of the population in Chelsea, AL, and this percentage has increased by 19.2% 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 | 85.5% | -4.3% |
% Black | 5.7% | 1.8% |
% Hispanic | 5.5% | 223.5% |
% Asian | 0.3% | -85.0% |
% Foreign Born | 3.1% | 19.2% |
Mortgage and Risk — Chelsea, AL
According to HUD data as of 2023, there were 470 mortgage originations in Chelsea, AL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Chelsea, AL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 470 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Chelsea, AL
Chelsea, 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 | $1,350 |
| 2 Bedroom | -$360 | $1,850 | $1,490 |
| 3 Bedroom | -$140 | $2,000 | $1,860 |
| 4 Bedroom | -$230 | $2,340 | $2,110 |
Affordability — Chelsea, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $377,000 |
| Median Household Income | $116,000 |