View in Interactive Map

Hanceville, AL—35077

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$217,000
2.2% YoY Growth
Household Income
$47,700
18.1% YoY Growth
Days on Market
65
41.0% Shorter YoY
Home Price Forecast
-0.6%
Median Rent
$1,400
8.5% YoY Growth
1-Bed Rent
$700
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,500
4.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hanceville, AL

As of May '26, the median home price in Hanceville, AL is $217,000, with a year-over-year change of 2.2%. This indicates that home prices in Hanceville, AL are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$217,0002.2%
Single Family $217,0001.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$218,0001.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    5.0%
    2 Bedrooms
    24.2%
    3 Bedrooms
    55.4%
    4 Bedrooms
    10.0%
    5+ Bedrooms
    2.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,290
    Studio Rent N/AN/A
    1 Bed Rent $700$735
    2 Bed Rent N/AN/A
    3 Bed Rent $1,500$1,470
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    10.0%
    1 Bedroom
    12.5%
    2 Bedrooms
    40.1%
    3 Bedrooms
    32.3%
    4 Bedrooms
    5.1%

    Property Listings — Hanceville, AL

    As of May '26, Realtor.com reports that the median days on market for a home in Hanceville, AL is 65. This is a decrease of -41.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$287,00012.0%
    Listing Count
    		8911.0%
    Listings as % of Homes0.7%11.0%
    Days on Market
    		65-41.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$300$700$1,000
    2 BedroomN/AN/A$1,130
    3 Bedroom-$80$1,500$1,420
    4 BedroomN/AN/A$1,580

    Affordability — Hanceville, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$217,000
    Median Household Income$47,700

    Hanceville, AL — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Garden City

    35070

    Hayden, AL

    35079

    Cullman, AL

    35055

    Cullman, AL

    35057

    Warrior, AL

    35180

    Frequently Asked Questions