Boaz, AL—35957
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Boaz, AL
Home Price Trends — Boaz, AL
As of Oct '25, the median home price in Boaz, AL is $199,000, with a year-over-year change of -0.6%. This indicates that home prices in Boaz, AL are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | -0.6% |
| Single Family | $199,000 | -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 | $143,000 | 0.0% |
3 Bed | $211,000 | 1.9% |
4 Bed | $284,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Boaz, AL
As of July '25, Rentcast reports the average rent in Boaz, AL is $2,060, with a year-over-year rent change of 111.3%. Per bedroom, the median rent as of July '25 in Boaz, AL is studios: $3,000, 3-bedrooms: $1,120. The most common rental property sizes in Boaz, AL are 2-bedroom and 3-bedroom, accounting for 44.0% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $2,060 |
| Studio Rent | $3,000 | $3,000 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,120 | $1,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Boaz, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Boaz, AL is 71. This is a increase of 13.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | -9.0% |
Listing Count | 44 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 71 | 13.0% |
Demographics — Boaz, AL
As of the latest ACS Survey released in 2023, Boaz, AL has a population of 16,700, which has increased by 3.3% over the past 5 years. Boaz, AL is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,700 | 3.3% |
% Under 18 | 28.8% | 6.3% |
% Seniors | 15.6% | -4.9% |
% WFH | 3.3% | 153.8% |
% w/ College Degree | 12.6% | -23.6% |
As of the latest ACS Survey released in 2023, Boaz, AL is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Boaz, AL is hispanic, making up 21.6% of the population. Foreign-born residents account for 8.6% of the population in Boaz, AL, and this percentage has increased by 72.0% 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 | 73.1% | -8.7% |
% Black | 2.7% | -10.0% |
% Hispanic | 21.6% | 38.5% |
% Asian | 0.1% | ∞% |
% Foreign Born | 8.6% | 72.0% |
Mortgage and Risk — Boaz, AL
According to HUD data as of 2023, there were 110 mortgage originations in Boaz, AL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Boaz, AL. Investor activity is low, as 14.0% 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 | 110 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Boaz, AL
Boaz, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 647 |
Total Units Section 8 | 286 |
% Rentals under Section 8 | 15.4% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | $300 | $1,120 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Boaz, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $199,000 |
| Median Household Income | $53,900 |