Gadsden, AL—35904
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 $106,000, with a year-over-year change of -0.9%. This indicates that home prices in Gadsden, AL are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $106,000 | -0.9% |
| Single Family | $106,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $74,000 | -3.9% |
3 Bed | $159,000 | 5.3% |
4 Bed | $225,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gadsden, AL
As of July '25, Rentcast reports the average rent in Gadsden, AL is $1,190, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Gadsden, AL is 1-bedrooms: $675, 2-bedrooms: $875, 3-bedrooms: $1,230, 4-bedrooms: $1,800. The most common rental property sizes in Gadsden, AL are 3-bedroom and 2-bedroom, accounting for 41.2% and 40.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $675 |
| 2 Bed Rent | $875 | $875 |
| 3 Bed Rent | $1,250 | $1,230 |
| 4 Bed Rent | $1,800 | $1,800 |
% 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 107. This is a increase of 61.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $181,000 | 4.0% |
Listing Count | 54 | 1.0% |
| Listings as % of Homes | 0.6% | 1.0% |
Days on Market | 107 | 61.0% |
Demographics — Gadsden, AL
As of the latest ACS Survey released in 2023, Gadsden, AL has a population of 13,600, which has decreased by -3.3% over the past 5 years. Gadsden, AL is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | -3.3% |
% Under 18 | 25.5% | 19.7% |
% Seniors | 20.5% | 6.2% |
% WFH | 2.6% | 52.9% |
% w/ College Degree | 11.4% | -25.0% |
As of the latest ACS Survey released in 2023, Gadsden, AL is a predominantly white area, with 76.6% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Gadsden, AL is black, making up 13.6% of the population. Foreign-born residents account for 3.1% of the population in Gadsden, AL, and this percentage has increased by 34.8% 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 | 76.6% | -3.9% |
% Black | 13.6% | -4.9% |
% Hispanic | 8.0% | 196.3% |
% Asian | 0.7% | -22.2% |
% Foreign Born | 3.1% | 34.8% |
Mortgage and Risk — Gadsden, AL
According to HUD data as of 2023, there were 195 mortgage originations in Gadsden, AL, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Gadsden, AL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 195 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gadsden, AL
As of 2024, the percent of homes in Gadsden, AL under the Section 8 program is 1.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Gadsden, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 240 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 55.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $675 | $800 |
| 2 Bedroom | $55 | $875 | $930 |
| 3 Bedroom | -$130 | $1,250 | $1,120 |
| 4 Bedroom | -$560 | $1,800 | $1,240 |
Affordability — Gadsden, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $106,000 |
| Median Household Income | $40,900 |