Bay Minette, AL—36507
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bay Minette, AL
As of Oct '25, the median home price in Bay Minette, AL is $212,000, with a year-over-year change of -2.0%. This indicates that home prices in Bay Minette, AL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | -2.0% |
| Single Family | $212,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $145,000 | -6.5% |
3 Bed | $220,000 | -1.8% |
4 Bed | $313,000 | 0.6% |
| 5 Bed | $414,000 | 4.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Bay Minette, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bay Minette, AL is 74. This is a increase of 23.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 21.0% |
Listing Count | 93 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 74 | 23.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Bay Minette, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $212,000 |
| Median Household Income | $47,900 |