Fort Payne, AL 35968 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fort Payne, AL—35968

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$219,000

2.8% YoY Growth

Household Income

$44,900

8.3% YoY Growth

Days on Market

101

6.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$900

N/A

1-Bed Rent

N/A

2-Bed Rent

$900

N/A

3-Bed Rent

N/A

Other Zip Codes in Fort Payne, AL

35967

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	$219,000	2.8%
Single Family	$219,000	1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Fort Payne, AL

Fort Payne, AL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$900	$900
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$900	$900
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.5%

1 Bedroom

8.2%

2 Bedrooms

34.1%

3 Bedrooms

49.1%

4 Bedrooms

6.1%

Property Listings — Fort Payne, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Fort Payne, AL is 89. This is a decrease of -16.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$290,000	-13.0%
Listing Count	14	-7.0%
Listings as % of Homes	0.5%	-7.0%
Days on Market	101	-6.0%

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Demographics — Fort Payne, AL

As of the latest ACS Survey released in 2023, Fort Payne, AL has a population of 4,540, which has remained stable by -1.0% over the past 5 years. Fort Payne, AL is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,540	-1.0%
% Under 18	19.6%	0.0%
% Seniors	22.9%	69.6%
% WFH	3.9%	0.0%
% w/ College Degree	11.9%	-2.5%

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As of the latest ACS Survey released in 2023, Fort Payne, AL is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Fort Payne, AL is hispanic, making up 11.9% of the population. Foreign-born residents account for 5.2% of the population in Fort Payne, AL, and this percentage has decreased by 17.5% 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	76.8%	-6.0%
% Black	5.9%	110.7%
% Hispanic	11.9%	7.2%
% Asian	0.0%	-100.0%
% Foreign Born	5.2%	-17.5%

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Mortgage and Risk — Fort Payne, AL

According to HUD data as of 2023, there were 13 mortgage originations in Fort Payne, AL, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Fort Payne, AL. Investor activity is low, as 0.0% 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	13
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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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	53
Total Units Section 8	53
% Rentals under Section 8	N/A
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$590
2 Bedroom	-$120	$900	$780
3 Bedroom	N/A	N/A	$1,050
4 Bedroom	N/A	N/A	$1,280

Fort Payne, AL—35968

Key Metrics at a Glance

Other Zip Codes in Fort Payne, AL

Home Price Trends — Fort Payne, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fort Payne, AL

% of Rental Stock

Property Listings — Fort Payne, AL

Demographics — Fort Payne, AL

Race and Ethnicity

Mortgage and Risk — Fort Payne, AL

Mortgages

Rentals and Section 8 — Fort Payne, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Fort Payne, AL

Home Price to Income Ratio

Fort Payne, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Rainsville, AL

Sylvania, AL

Fort Payne, AL

Henagar, AL

Gibson Crossroads, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$219,000
Median Household Income	$44,900

Fort Payne, AL—35968

Key Metrics at a Glance

Other Zip Codes in Fort Payne, AL

Home Price Trends — Fort Payne, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fort Payne, AL

% of Rental Stock

Property Listings — Fort Payne, AL

Demographics — Fort Payne, AL

Race and Ethnicity

Mortgage and Risk — Fort Payne, AL

Mortgages

Rentals and Section 8 — Fort Payne, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Fort Payne, AL

Home Price to Income Ratio

Fort Payne, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Rainsville, AL

Sylvania, AL

Fort Payne, AL

Henagar, AL

Gibson Crossroads, AL

Frequently Asked Questions

What is the average home price in Fort Payne, AL 35968?

How have home prices in Fort Payne, AL 35968 changed over the past year?

What is the home price projection for Fort Payne, AL 35968?

What are the demographics of Fort Payne, AL 35968?

How long does it take homes to sell in Fort Payne, AL 35968?

What is the average rent price in Fort Payne, AL 35968?