Spanish Fort, AL—36527
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spanish Fort, AL
As of Oct '25, the median home price in Spanish Fort, AL is $387,000, with a year-over-year change of 1.5%. This indicates that home prices in Spanish Fort, AL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | 1.5% |
| Single Family | $388,000 | 1.6% |
| 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 | $301,000 | 0.0% |
4 Bed | $423,000 | 1.9% |
| 5 Bed | $577,000 | 2.9% |
% of Housing Stock
Rental Trends — Spanish Fort, AL
As of July '25, Rentcast reports the average rent in Spanish Fort, AL is $2,030, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Spanish Fort, AL is 1-bedrooms: $1,230, 2-bedrooms: $1,620, 3-bedrooms: $1,820, 4-bedrooms: $2,300. The most common rental property sizes in Spanish Fort, AL are 1-bedroom and 2-bedroom, accounting for 35.2% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,230 |
| 2 Bed Rent | $1,620 | $1,620 |
| 3 Bed Rent | $1,750 | $1,820 |
| 4 Bed Rent | $2,250 | $2,300 |
% of Rental Stock
Property Listings — Spanish Fort, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Spanish Fort, AL is 69. This is a increase of 22.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | 12.0% |
Listing Count | 188 | 13.0% |
| Listings as % of Homes | 1.1% | 13.0% |
Days on Market | 69 | 22.0% |
Demographics — Spanish Fort, AL
As of the latest ACS Survey released in 2023, Spanish Fort, AL has a population of 21,200, which has increased by 38.6% over the past 5 years. Spanish Fort, AL is a popular place for families, as children make up 30.5% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,200 | 38.6% |
% Under 18 | 30.5% | 7.8% |
% Seniors | 13.5% | 9.8% |
% WFH | 9.9% | 67.8% |
% w/ College Degree | 43.2% | -11.7% |
As of the latest ACS Survey released in 2023, Spanish Fort, AL is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Spanish Fort, AL is black, making up 5.9% of the population. Foreign-born residents account for 5.7% of the population in Spanish Fort, AL, and this percentage has decreased by 5.0% 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 | 79.8% | -4.5% |
% Black | 5.9% | 1.7% |
% Hispanic | 5.0% | 61.3% |
% Asian | 1.6% | -23.8% |
% Foreign Born | 5.7% | -5.0% |
Mortgage and Risk — Spanish Fort, AL
According to HUD data as of 2023, there were 600 mortgage originations in Spanish Fort, AL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Spanish Fort, AL. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 600 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Spanish Fort, AL
As of 2024, the percent of homes in Spanish Fort, AL under the Section 8 program is 0.7%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Spanish Fort, AL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,200 | $1,260 |
| 2 Bedroom | -$120 | $1,620 | $1,500 |
| 3 Bedroom | $120 | $1,750 | $1,870 |
| 4 Bedroom | $130 | $2,250 | $2,380 |
Affordability — Spanish Fort, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $387,000 |
| Median Household Income | $113,000 |