Goodwater, AL—35072
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Goodwater, AL
Goodwater, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | -5.6% |
| Single Family | $136,000 | -5.6% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Goodwater, AL
Goodwater, 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 — Goodwater, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Goodwater, AL is 43. This is a decrease of -79.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 43.0% |
Listing Count | 3 | -50.0% |
| Listings as % of Homes | 0.3% | -50.0% |
Days on Market | 43 | -79.0% |
Demographics — Goodwater, AL
As of the latest ACS Survey released in 2023, Goodwater, AL has a population of 4,720, which has decreased by -3.6% over the past 5 years. Goodwater, AL is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,720 | -3.6% |
% Under 18 | 24.1% | 14.2% |
% Seniors | 24.9% | 36.8% |
% WFH | 1.9% | -69.8% |
% w/ College Degree | 17.5% | 78.6% |
As of the latest ACS Survey released in 2023, Goodwater, AL is a predominantly white area, with 53.9% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Goodwater, AL is black, making up 38.9% of the population. Foreign-born residents account for 0.2% of the population in Goodwater, AL, and this percentage has decreased by 89.5% 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 | 53.9% | -9.6% |
% Black | 38.9% | -0.5% |
% Hispanic | 4.3% | 616.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -89.5% |
Mortgage and Risk — Goodwater, AL
According to HUD data as of 2023, there were 49 mortgage originations in Goodwater, AL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Goodwater, 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 | 49 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Goodwater, AL
Goodwater, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 1 |
% 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 | $630 |
| 2 Bedroom | N/A | N/A | $830 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,190 |
Affordability — Goodwater, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $137,000 |
| Median Household Income | $51,800 |