Hanceville, AL—35077
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hanceville, AL
As of Oct '25, the median home price in Hanceville, AL is $205,000, with a year-over-year change of 1.5%. This indicates that home prices in Hanceville, AL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | 1.5% |
| Single Family | $205,000 | 1.0% |
| 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 | $210,000 | 0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hanceville, AL
As of July '25, Rentcast reports the average rent in Hanceville, AL is $1,290, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Hanceville, AL is 1-bedrooms: $735, 3-bedrooms: $1,470. The most common rental property sizes in Hanceville, AL are 2-bedroom and 3-bedroom, accounting for 40.1% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $735 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,470 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hanceville, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hanceville, AL is 62. This is a increase of 2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 0.0% |
Listing Count | 65 | -9.0% |
| Listings as % of Homes | 0.7% | -9.0% |
Days on Market | 62 | 2.0% |
Demographics — Hanceville, AL
As of the latest ACS Survey released in 2023, Hanceville, AL has a population of 13,300, which has decreased by -1.9% over the past 5 years. Hanceville, AL is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -1.9% |
% Under 18 | 18.8% | -6.0% |
% Seniors | 22.3% | 20.5% |
% WFH | 3.4% | 183.3% |
% w/ College Degree | 13.8% | 26.6% |
As of the latest ACS Survey released in 2023, Hanceville, AL is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Hanceville, AL is black, making up 3.7% of the population. Foreign-born residents account for 1.8% of the population in Hanceville, AL, and this percentage has increased by 20.0% 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 | 89.1% | -1.2% |
% Black | 3.7% | -26.0% |
% Hispanic | 2.6% | -16.1% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.8% | 20.0% |
Mortgage and Risk — Hanceville, AL
According to HUD data as of 2023, there were 239 mortgage originations in Hanceville, AL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Hanceville, AL. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 239 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hanceville, AL
Hanceville, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 64.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $700 | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | -$80 | $1,500 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Hanceville, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $205,000 |
| Median Household Income | $47,700 |