Fayette, AL—35555
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fayette, AL
Fayette, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $129,000 | 1.7% |
| Single Family | $129,000 | 0.0% |
| 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 | $162,000 | 3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fayette, AL
Fayette, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $500 | $612 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $500 | $612 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fayette, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fayette, AL is 78. This is a increase of 7.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | -18.0% |
Listing Count | 41 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 78 | 7.0% |
Demographics — Fayette, AL
As of the latest ACS Survey released in 2023, Fayette, AL has a population of 9,690, which has remained stable by 0.7% over the past 5 years. Fayette, AL is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,690 | 0.7% |
% Under 18 | 20.5% | -3.8% |
% Seniors | 22.6% | 18.9% |
% WFH | 2.8% | -3.4% |
% w/ College Degree | 19.8% | 17.2% |
As of the latest ACS Survey released in 2023, Fayette, AL is a predominantly white area, with 78.1% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Fayette, AL is black, making up 18.8% of the population. Foreign-born residents account for 0.6% of the population in Fayette, AL, and this percentage has decreased by 40.0% 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 | 78.1% | 1.7% |
% Black | 18.8% | 0.0% |
% Hispanic | 0.1% | -96.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -40.0% |
Mortgage and Risk — Fayette, AL
According to HUD data as of 2023, there were 92 mortgage originations in Fayette, AL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Fayette, 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 | 92 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fayette, AL
Fayette, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 280 |
Total Units Section 8 | 120 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $500 | $820 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Fayette, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $129,000 |
| Median Household Income | $50,600 |