Gadsden, AL—35901
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Gadsden, AL
Home Price Trends — Gadsden, AL
As of Oct '25, the median home price in Gadsden, AL is $158,000, with a year-over-year change of 0.4%. This indicates that home prices in Gadsden, AL are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $158,000 | 0.4% |
| Single Family | $158,000 | 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 | $101,000 | -4.7% |
3 Bed | $206,000 | 2.5% |
4 Bed | $339,000 | 1.5% |
| 5 Bed | $466,000 | 3.8% |
% of Housing Stock
Rental Trends — Gadsden, AL
As of July '25, Rentcast reports the average rent in Gadsden, AL is $1,250, with a year-over-year rent change of 10.6%. Per bedroom, the median rent as of July '25 in Gadsden, AL is studios: $1,150, 1-bedrooms: $894, 2-bedrooms: $908, 3-bedrooms: $1,400, 4-bedrooms: $2,580. The most common rental property sizes in Gadsden, AL are 2-bedroom and 3-bedroom, accounting for 37.3% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $923 | $1,250 |
| Studio Rent | $895 | $1,150 |
| 1 Bed Rent | $650 | $894 |
| 2 Bed Rent | $900 | $908 |
| 3 Bed Rent | $1,000 | $1,400 |
| 4 Bed Rent | $1,650 | $2,580 |
% of Rental Stock
Property Listings — Gadsden, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gadsden, AL is 81. This is a increase of 16.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 10.0% |
Listing Count | 101 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 81 | 16.0% |
Demographics — Gadsden, AL
As of the latest ACS Survey released in 2023, Gadsden, AL has a population of 19,200, which has decreased by -4.3% over the past 5 years. Gadsden, AL is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | -4.3% |
% Under 18 | 22.9% | 2.7% |
% Seniors | 20.8% | 6.1% |
% WFH | 4.0% | -33.3% |
% w/ College Degree | 21.8% | 9.0% |
As of the latest ACS Survey released in 2023, Gadsden, AL is a predominantly white area, with 54.8% of the population identifying as white. The white population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in Gadsden, AL is black, making up 32.0% of the population. Foreign-born residents account for 3.6% of the population in Gadsden, AL, and this percentage has decreased by 7.7% 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 | 54.8% | -12.3% |
% Black | 32.0% | 11.5% |
% Hispanic | 8.4% | 37.7% |
% Asian | 0.4% | -66.7% |
% Foreign Born | 3.6% | -7.7% |
Mortgage and Risk — Gadsden, AL
According to HUD data as of 2023, there were 281 mortgage originations in Gadsden, AL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Gadsden, AL. Investor activity is low, as 4.0% 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 | 281 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Gadsden, AL
As of 2024, the percent of homes in Gadsden, AL under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Gadsden, AL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 890 |
Total Units Section 8 | 385 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $650 | $780 |
| 2 Bedroom | $10 | $900 | $910 |
| 3 Bedroom | $100 | $1,000 | $1,100 |
| 4 Bedroom | -$440 | $1,650 | $1,210 |
Affordability — Gadsden, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $158,000 |
| Median Household Income | $47,800 |