Steele, AL 35987 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Steele, AL—35987

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$182,000

0.9% YoY Growth

Household Income

$78,700

97.9% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$925

19.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$925

19.6% YoY Growth

Home Price Trends — Steele, AL

As of Dec '25, the median home price in Steele, AL is $182,000, with a year-over-year change of 0.9%. This indicates that home prices in Steele, AL are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$182,000	0.9%
Single Family	$182,000	0.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Steele, AL

As of July '25, Rentcast reports the average rent in Steele, AL is $925, with a year-over-year rent change of -19.6%. Per bedroom, the median rent as of July '25 in Steele, AL is 3-bedrooms: $925. The most common rental property sizes in Steele, AL are 2-bedroom and 3-bedroom, accounting for 59.1% and 21.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$925	$925
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$925	$925
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

6.4%

2 Bedrooms

59.1%

3 Bedrooms

21.8%

4 Bedrooms

12.7%

Property Listings — Steele, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Steele, AL is 54. This is a increase of 166.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$171,000	-64.0%
Listing Count	5	67.0%
Listings as % of Homes	0.3%	67.0%
Days on Market	43	25.0%

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Demographics — Steele, AL

As of the latest ACS Survey released in 2023, Steele, AL has a population of 2,670, which has increased by 1.8% over the past 5 years. Steele, AL is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,670	1.8%
% Under 18	25.9%	1.6%
% Seniors	25.2%	78.7%
% WFH	5.2%	15.6%
% w/ College Degree	10.0%	25.0%

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As of the latest ACS Survey released in 2023, Steele, AL is a predominantly white area, with 77.1% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Steele, AL is hispanic, making up 14.9% of the population. Foreign-born residents account for 4.5% of the population in Steele, AL, and this percentage has increased by 40.6% 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	77.1%	-11.3%
% Black	2.5%	257.1%
% Hispanic	14.9%	58.5%
% Asian	0.2%	∞%
% Foreign Born	4.5%	40.6%

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Mortgage and Risk — Steele, AL

According to HUD data as of 2023, there were 69 mortgage originations in Steele, AL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Steele, AL. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	69
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Steele, AL

Steele, AL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	$1,000
2 Bedroom	N/A	N/A	$1,130
3 Bedroom	$495	$925	$1,420
4 Bedroom	N/A	N/A	$1,580

Steele, AL—35987

Key Metrics at a Glance

Home Price Trends — Steele, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Steele, AL

% of Rental Stock

Property Listings — Steele, AL

Demographics — Steele, AL

Race and Ethnicity

Mortgage and Risk — Steele, AL

Mortgages

Rentals and Section 8 — Steele, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Steele, AL

Home Price to Income Ratio

Steele, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Gallant, AL

Ashville, AL

Rainbow City, AL

Altoona, AL

Ragland, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$182,000
Median Household Income	$78,700

Steele, AL—35987

Key Metrics at a Glance

Home Price Trends — Steele, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Steele, AL

% of Rental Stock

Property Listings — Steele, AL

Demographics — Steele, AL

Race and Ethnicity

Mortgage and Risk — Steele, AL

Mortgages

Rentals and Section 8 — Steele, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Steele, AL

Home Price to Income Ratio

Steele, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Gallant, AL

Ashville, AL

Rainbow City, AL

Altoona, AL

Ragland, AL

Frequently Asked Questions

What is the average home price in Steele, AL 35987?

How have home prices in Steele, AL 35987 changed over the past year?

What is the home price projection for Steele, AL 35987?

What are the demographics of Steele, AL 35987?

How long does it take homes to sell in Steele, AL 35987?

What is the average rent price in Steele, AL 35987?