Flat Rock, AL—35966
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flat Rock, AL
As of Oct '25, the median home price in Flat Rock, AL is $178,000, with a year-over-year change of 1.4%. This indicates that home prices in Flat Rock, AL are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $178,000 | 1.4% |
| Single Family | $178,000 | 1.1% |
| 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 | $245,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Flat Rock, AL
Flat Rock, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Flat Rock, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Flat Rock, AL is 41. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -43.0% |
Listing Count | 2 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 41 | -48.0% |
Demographics — Flat Rock, AL
As of the latest ACS Survey released in 2023, Flat Rock, AL has a population of 3,980, which has increased by 8.0% over the past 5 years. Flat Rock, AL is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 5.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,980 | 8.0% |
% Under 18 | 17.6% | 8.6% |
% Seniors | 13.5% | -49.4% |
% WFH | 14.9% | 263.4% |
% w/ College Degree | 5.7% | -45.7% |
As of the latest ACS Survey released in 2023, Flat Rock, AL is a predominantly white area, with 97.4% of the population identifying as white. The white population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Flat Rock, AL is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.0% of the population in Flat Rock, AL, and this percentage has decreased by 100.0% 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 | 97.4% | 3.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.5% | ∞% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Flat Rock, AL
According to HUD data as of 2023, there were 42 mortgage originations in Flat Rock, AL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Flat Rock, AL. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Flat Rock, AL
Flat Rock, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $820 |
| 3 Bedroom | N/A | N/A | $1,050 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Flat Rock, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $178,000 |
| Median Household Income | $44,500 |