Vance, AL—35490
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vance, AL
As of Oct '25, the median home price in Vance, AL is $199,000, with a year-over-year change of -1.3%. This indicates that home prices in Vance, AL are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | -1.3% |
| Single Family | $199,000 | -1.5% |
| 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 | $228,000 | 1.3% |
4 Bed | $286,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Vance, AL
As of July '25, Rentcast reports the average rent in Vance, AL is $1,790, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Vance, AL is 3-bedrooms: $1,660, 4-bedrooms: $1,820. The most common rental property sizes in Vance, AL are 3-bedroom and 2-bedroom, accounting for 36.1% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,660 |
| 4 Bed Rent | $1,800 | $1,820 |
% of Rental Stock
Property Listings — Vance, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Vance, AL is 60. This is a increase of 80.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 5.0% |
Listing Count | 29 | 17.0% |
| Listings as % of Homes | 1.0% | 17.0% |
Days on Market | 60 | 80.0% |
Demographics — Vance, AL
As of the latest ACS Survey released in 2023, Vance, AL has a population of 4,890, which has increased by 16.3% over the past 5 years. Vance, AL is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,890 | 16.3% |
% Under 18 | 19.6% | -37.2% |
% Seniors | 11.3% | 7.6% |
% WFH | 8.5% | 372.2% |
% w/ College Degree | 13.7% | -18.0% |
As of the latest ACS Survey released in 2023, Vance, AL is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Vance, AL is hispanic, making up 9.8% of the population. Foreign-born residents account for 1.0% of the population in Vance, AL, and this percentage has decreased by 54.5% 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 | 85.1% | -1.6% |
% Black | 4.3% | -44.2% |
% Hispanic | 9.8% | 237.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | -54.5% |
Mortgage and Risk — Vance, AL
According to HUD data as of 2023, there were 58 mortgage originations in Vance, AL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Vance, AL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Vance, AL
Vance, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | -$250 | $1,700 | $1,450 |
| 4 Bedroom | -$290 | $1,800 | $1,510 |
Affordability — Vance, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $199,000 |
| Median Household Income | $77,400 |