Fort Payne, AL—35968
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 | $217,000 | 3.3% |
| Single Family | $217,000 | 2.8% |
| 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 | $244,000 | 5.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% 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 57. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | -3.0% |
Listing Count | 21 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 57 | 1.0% |
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% |
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% |
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% |
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 | 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 |
Affordability — Fort Payne, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $217,000 |
| Median Household Income | $44,900 |