Sterrett, AL—35147
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sterrett, AL
As of Oct '25, the median home price in Sterrett, AL is $316,000, with a year-over-year change of 0.7%. This indicates that home prices in Sterrett, 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 | $316,000 | 0.7% |
| Single Family | $316,000 | 0.6% |
| 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 | $280,000 | -0.4% |
4 Bed | $424,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sterrett, AL
As of July '25, Rentcast reports the average rent in Sterrett, AL is $1,780, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Sterrett, AL is 2-bedrooms: $1,470, 3-bedrooms: $1,770, 4-bedrooms: $2,540. The most common rental property sizes in Sterrett, AL are 3-bedroom and 2-bedroom, accounting for 63.6% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,450 | $1,470 |
| 3 Bed Rent | $1,680 | $1,770 |
| 4 Bed Rent | $2,540 | $2,540 |
% of Rental Stock
Property Listings — Sterrett, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sterrett, AL is 45. This is a decrease of -27.0% 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 | $440,000 | -26.0% |
Listing Count | 55 | 155.0% |
| Listings as % of Homes | 0.5% | 155.0% |
Days on Market | 45 | -27.0% |
Demographics — Sterrett, AL
As of the latest ACS Survey released in 2023, Sterrett, AL has a population of 6,970, which has increased by 14.4% over the past 5 years. Sterrett, AL is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,970 | 14.4% |
% Under 18 | 23.5% | -8.2% |
% Seniors | 17.1% | 34.6% |
% WFH | 14.1% | 176.5% |
% w/ College Degree | 40.6% | 15.3% |
As of the latest ACS Survey released in 2023, Sterrett, AL is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 12.2% in the last 5 years. The second most common race or ethnicity in Sterrett, AL is hispanic, making up 9.9% of the population. Foreign-born residents account for 4.5% of the population in Sterrett, AL, and this percentage has increased by 21.6% 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 | 75.8% | -12.2% |
% Black | 9.7% | 31.1% |
% Hispanic | 9.9% | 266.7% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 4.5% | 21.6% |
Mortgage and Risk — Sterrett, AL
According to HUD data as of 2023, there were 165 mortgage originations in Sterrett, AL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Sterrett, AL. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 165 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Sterrett, AL
Sterrett, 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 | $1,700 |
| 2 Bedroom | $430 | $1,450 | $1,880 |
| 3 Bedroom | $670 | $1,680 | $2,350 |
| 4 Bedroom | $120 | $2,540 | $2,660 |
Affordability — Sterrett, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $316,000 |
| Median Household Income | $85,600 |