Elba, AL 36323 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elba, AL—36323

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$125,000

3.1% YoY Growth

Household Income

$43,400

1.4% YoY Growth

Days on Market

110

15.0% Shorter YoY

Home Price Forecast

0.4%

Median Rent

$745

27.4% YoY Growth

1-Bed Rent

$745

N/A

2-Bed Rent

N/A

3-Bed Rent

$975

44.4% YoY Growth

Home Price Trends — Elba, AL

As of Dec '25, the median home price in Elba, AL is $125,000, with a year-over-year change of -3.1%. This indicates that home prices in Elba, AL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$125,000	-3.1%
Single Family	$125,000	-3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elba, AL

As of July '25, Rentcast reports the average rent in Elba, AL is $860, with a year-over-year rent change of 27.4%. Per bedroom, the median rent as of July '25 in Elba, AL is 1-bedrooms: $745, 3-bedrooms: $975. The most common rental property sizes in Elba, AL are 3-bedroom and 2-bedroom, accounting for 49.1% and 39.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$745	$860
Studio Rent	N/A	N/A
1 Bed Rent	$745	$745
2 Bed Rent	N/A	N/A
3 Bed Rent	$975	$975
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.6%

1 Bedroom

1.8%

2 Bedrooms

39.9%

3 Bedrooms

49.1%

4 Bedrooms

4.7%

Property Listings — Elba, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Elba, AL is 90. This is a decrease of -23.0% 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	$227,000	65.0%
Listing Count	27	-8.0%
Listings as % of Homes	0.3%	-8.0%
Days on Market	110	-15.0%

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Demographics — Elba, AL

As of the latest ACS Survey released in 2023, Elba, AL has a population of 8,030, which has increased by 2.9% over the past 5 years. Elba, AL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,030	2.9%
% Under 18	20.8%	8.9%
% Seniors	22.4%	10.3%
% WFH	2.3%	9.5%
% w/ College Degree	13.2%	12.8%

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As of the latest ACS Survey released in 2023, Elba, AL is a predominantly white area, with 67.8% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Elba, AL is black, making up 24.2% of the population. Foreign-born residents account for 2.2% of the population in Elba, AL, and this percentage has increased by 266.7% 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	67.8%	-4.4%
% Black	24.2%	5.7%
% Hispanic	2.3%	228.6%
% Asian	0.4%	-60.0%
% Foreign Born	2.2%	266.7%

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Mortgage and Risk — Elba, AL

According to HUD data as of 2023, there were 116 mortgage originations in Elba, AL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Elba, AL. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	116
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	1.0%
% Second Loans	3.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Elba, AL

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

Section 8 Market Size

Total Units under HUD	273
Total Units Section 8	148
% Rentals under Section 8	N/A
% Occupied Section 8	81.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$85	$745	$660
2 Bedroom	N/A	N/A	$860
3 Bedroom	$235	$975	$1,210
4 Bedroom	N/A	N/A	$1,330

Elba, AL—36323

Key Metrics at a Glance

Home Price Trends — Elba, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elba, AL

% of Rental Stock

Property Listings — Elba, AL

Demographics — Elba, AL

Race and Ethnicity

Mortgage and Risk — Elba, AL

Mortgages

Rentals and Section 8 — Elba, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Elba, AL

Home Price to Income Ratio

Elba, AL — ZIP Code Boundary Map

Nearby ZIP Codes

New Brockton, AL

New Brockton, AL

Henderson, AL

Opp, AL

Kinston, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$125,000
Median Household Income	$43,400

Elba, AL—36323

Key Metrics at a Glance

Home Price Trends — Elba, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elba, AL

% of Rental Stock

Property Listings — Elba, AL

Demographics — Elba, AL

Race and Ethnicity

Mortgage and Risk — Elba, AL

Mortgages

Rentals and Section 8 — Elba, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Elba, AL

Home Price to Income Ratio

Elba, AL — ZIP Code Boundary Map

Nearby ZIP Codes

New Brockton, AL

New Brockton, AL

Henderson, AL

Opp, AL

Kinston, AL

Frequently Asked Questions

What is the average home price in Elba, AL 36323?

How have home prices in Elba, AL 36323 changed over the past year?

What is the home price projection for Elba, AL 36323?

What are the demographics of Elba, AL 36323?

How long does it take homes to sell in Elba, AL 36323?

What is the average rent price in Elba, AL 36323?