Thorsby, AL—35171
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thorsby, AL
As of Oct '25, the median home price in Thorsby, AL is $220,000, with a year-over-year change of -0.4%. This indicates that home prices in Thorsby, AL are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | -0.4% |
| Single Family | $220,000 | -0.5% |
| 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 | $249,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thorsby, AL
As of July '25, Rentcast reports the average rent in Thorsby, AL is $1,540, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Thorsby, AL is 3-bedrooms: $1,500, 4-bedrooms: $1,550. The most common rental property sizes in Thorsby, AL are 3-bedroom and 2-bedroom, accounting for 59.7% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $1,500 | $1,550 |
% of Rental Stock
Property Listings — Thorsby, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Thorsby, AL is 48. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $233,000 | -11.0% |
Listing Count | 19 | 31.0% |
| Listings as % of Homes | 1.5% | 31.0% |
Days on Market | 48 | 1.0% |
Demographics — Thorsby, AL
As of the latest ACS Survey released in 2023, Thorsby, AL has a population of 3,610, which has decreased by -1.8% over the past 5 years. Thorsby, AL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,610 | -1.8% |
% Under 18 | 20.8% | -21.8% |
% Seniors | 19.8% | 54.7% |
% WFH | 11.1% | 455.0% |
% w/ College Degree | 14.5% | -16.7% |
As of the latest ACS Survey released in 2023, Thorsby, AL is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Thorsby, AL is black, making up 8.6% of the population. Foreign-born residents account for 0.5% of the population in Thorsby, AL, and this percentage has decreased by 88.6% 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 | 83.8% | -0.6% |
% Black | 8.6% | 30.3% |
% Hispanic | 4.9% | -35.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -88.6% |
Mortgage and Risk — Thorsby, AL
According to HUD data as of 2023, there were 117 mortgage originations in Thorsby, AL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Thorsby, AL. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Thorsby, AL
Thorsby, 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 | $740 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | -$190 | $1,500 | $1,310 |
| 4 Bedroom | -$180 | $1,500 | $1,320 |
Affordability — Thorsby, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $220,000 |
| Median Household Income | $77,400 |