Fort Payne, AL—35967
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Fort Payne, AL
Home Price Trends — Fort Payne, AL
Fort Payne, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $188,000 | 2.6% |
| Single Family | $188,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | 3.5% |
3 Bed | $225,000 | 4.7% |
4 Bed | $300,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Payne, AL
As of July '25, Rentcast reports the average rent in Fort Payne, AL is $1,090, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Fort Payne, AL is 1-bedrooms: $917, 2-bedrooms: $1,300, 3-bedrooms: $1,250. The most common rental property sizes in Fort Payne, AL are 2-bedroom and 3-bedroom, accounting for 57.9% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $917 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,200 | $1,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fort Payne, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Payne, AL is 83. This is a increase of 12.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $282,000 | 0.0% |
Listing Count | 72 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 83 | 12.0% |
Demographics — Fort Payne, AL
As of the latest ACS Survey released in 2023, Fort Payne, AL has a population of 17,300, which has increased by 5.9% over the past 5 years. Fort Payne, AL is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 5.9% |
% Under 18 | 25.5% | -1.5% |
% Seniors | 16.3% | 10.9% |
% WFH | 5.9% | 210.5% |
% w/ College Degree | 16.2% | 11.0% |
As of the latest ACS Survey released in 2023, Fort Payne, AL is a predominantly white area, with 72.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Fort Payne, AL is hispanic, making up 21.9% of the population. Foreign-born residents account for 9.3% of the population in Fort Payne, 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 | 72.9% | -7.1% |
% Black | 1.2% | -42.9% |
% Hispanic | 21.9% | 33.5% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 9.3% | 34.8% |
Mortgage and Risk — Fort Payne, AL
According to HUD data as of 2023, there were 237 mortgage originations in Fort Payne, AL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Fort Payne, AL. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 237 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Fort Payne, AL
Fort Payne, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 414 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $900 | $660 |
| 2 Bedroom | -$500 | $1,300 | $800 |
| 3 Bedroom | -$150 | $1,200 | $1,050 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Fort Payne, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $188,000 |
| Median Household Income | $48,100 |