Elberta, AL—36530
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elberta, AL
As of Oct '25, the median home price in Elberta, AL is $353,000, with a year-over-year change of 0.9%. This indicates that home prices in Elberta, AL are flat. 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 | $353,000 | 0.9% |
| Single Family | $353,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 0.0% |
3 Bed | $355,000 | 0.9% |
4 Bed | $482,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elberta, AL
As of July '25, Rentcast reports the average rent in Elberta, AL is $1,540, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Elberta, AL is 1-bedrooms: $1,500, 2-bedrooms: $1,220, 3-bedrooms: $1,760, 4-bedrooms: $1,550. The most common rental property sizes in Elberta, AL are 3-bedroom and 2-bedroom, accounting for 45.0% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $1,750 | $1,760 |
| 4 Bed Rent | $1,550 | $1,550 |
% of Rental Stock
Property Listings — Elberta, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elberta, AL is 84. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | 8.0% |
Listing Count | 77 | -19.0% |
| Listings as % of Homes | 0.9% | -19.0% |
Days on Market | 84 | 1.0% |
Demographics — Elberta, AL
As of the latest ACS Survey released in 2023, Elberta, AL has a population of 6,820, which has decreased by -1.7% over the past 5 years. Elberta, AL is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,820 | -1.7% |
% Under 18 | 16.8% | -16.0% |
% Seniors | 22.7% | 6.6% |
% WFH | 8.2% | 5.1% |
% w/ College Degree | 19.5% | -11.4% |
As of the latest ACS Survey released in 2023, Elberta, AL is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Elberta, AL is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.1% of the population in Elberta, AL, and this percentage has increased by 158.3% 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 | 91.5% | -5.3% |
% Black | 0.2% | -33.3% |
% Hispanic | 4.0% | 100.0% |
% Asian | 0.5% | ∞% |
% Foreign Born | 3.1% | 158.3% |
Mortgage and Risk — Elberta, AL
According to HUD data as of 2023, there were 160 mortgage originations in Elberta, AL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Elberta, AL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Elberta, AL
As of 2024, the percent of homes in Elberta, AL under the Section 8 program is 1.3%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Elberta, AL, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$540 | $1,500 | $960 |
| 2 Bedroom | $30 | $1,200 | $1,230 |
| 3 Bedroom | -$240 | $1,750 | $1,510 |
| 4 Bedroom | $360 | $1,550 | $1,910 |
Affordability — Elberta, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $353,000 |
| Median Household Income | $59,300 |