Bay Minette, AL 36507 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bay Minette, AL—36507

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$209,000

2.1% YoY Growth

Household Income

$47,900

9.9% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,100

13.5% YoY Growth

1-Bed Rent

$690

N/A

2-Bed Rent

$1,100

11.9% YoY Growth

3-Bed Rent

$1,350

13.8% YoY Growth

Home Price Trends — Bay Minette, AL

As of Dec '25, the median home price in Bay Minette, AL is $209,000, with a year-over-year change of -2.1%. This indicates that home prices in Bay Minette, AL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$209,000	-2.1%
Single Family	$209,000	-2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bay Minette, AL

As of July '25, Rentcast reports the average rent in Bay Minette, AL is $1,280, with a year-over-year rent change of -13.5%. Per bedroom, the median rent as of July '25 in Bay Minette, AL is 1-bedrooms: $690, 2-bedrooms: $1,130, 3-bedrooms: $1,440, 4-bedrooms: $1,850. The most common rental property sizes in Bay Minette, AL are 3-bedroom and 2-bedroom, accounting for 50.4% and 32.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,280
Studio Rent	N/A	N/A
1 Bed Rent	$690	$690
2 Bed Rent	$1,100	$1,130
3 Bed Rent	$1,350	$1,440
4 Bed Rent	$1,850	$1,850

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% of Rental Stock

Studio

0.9%

1 Bedroom

12.4%

2 Bedrooms

32.6%

3 Bedrooms

50.4%

4 Bedrooms

3.6%

Property Listings — Bay Minette, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Bay Minette, AL is 74. This is a increase of 13.0% 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	$324,000	1.0%
Listing Count	85	25.0%
Listings as % of Homes	0.6%	25.0%
Days on Market	69	-4.0%

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Demographics — Bay Minette, AL

As of the latest ACS Survey released in 2023, Bay Minette, AL has a population of 20,400, which has decreased by -7.9% over the past 5 years. Bay Minette, AL is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,400	-7.9%
% Under 18	20.2%	-17.9%
% Seniors	17.0%	-1.2%
% WFH	3.0%	25.0%
% w/ College Degree	16.8%	9.1%

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As of the latest ACS Survey released in 2023, Bay Minette, AL is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Bay Minette, AL is black, making up 22.5% of the population. Foreign-born residents account for 1.1% of the population in Bay Minette, AL, and this percentage has decreased by 8.3% 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	71.4%	-0.7%
% Black	22.5%	-5.5%
% Hispanic	1.6%	-33.3%
% Asian	0.4%	100.0%
% Foreign Born	1.1%	-8.3%

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Mortgage and Risk — Bay Minette, AL

According to HUD data as of 2023, there were 464 mortgage originations in Bay Minette, AL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Bay Minette, AL. Investor activity is low, as 1.0% 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	464
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Bay Minette, AL

As of 2024, the percent of homes in Bay Minette, AL under the Section 8 program is 4.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bay Minette, AL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	253
Total Units Section 8	81
% Rentals under Section 8	4.5%
% Occupied Section 8	80.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$270	$690	$960
2 Bedroom	$130	$1,100	$1,230
3 Bedroom	$160	$1,350	$1,510
4 Bedroom	$60	$1,850	$1,910

Bay Minette, AL—36507

Key Metrics at a Glance

Home Price Trends — Bay Minette, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bay Minette, AL

% of Rental Stock

Property Listings — Bay Minette, AL

Demographics — Bay Minette, AL

Race and Ethnicity

Mortgage and Risk — Bay Minette, AL

Mortgages

Rentals and Section 8 — Bay Minette, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Bay Minette, AL

Home Price to Income Ratio

Bay Minette, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Stapleton, AL

Perdido, AL

Spanish Fort, AL

Loxley, AL

Stockton, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$209,000
Median Household Income	$47,900

Bay Minette, AL—36507

Key Metrics at a Glance

Home Price Trends — Bay Minette, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bay Minette, AL

% of Rental Stock

Property Listings — Bay Minette, AL

Demographics — Bay Minette, AL

Race and Ethnicity

Mortgage and Risk — Bay Minette, AL

Mortgages

Rentals and Section 8 — Bay Minette, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Bay Minette, AL

Home Price to Income Ratio

Bay Minette, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Stapleton, AL

Perdido, AL

Spanish Fort, AL

Loxley, AL

Stockton, AL

Frequently Asked Questions

What is the average home price in Bay Minette, AL 36507?

How have home prices in Bay Minette, AL 36507 changed over the past year?

What is the home price projection for Bay Minette, AL 36507?

What are the demographics of Bay Minette, AL 36507?

How long does it take homes to sell in Bay Minette, AL 36507?

What is the average rent price in Bay Minette, AL 36507?