Foley, AL—36535
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Foley, AL
As of Oct '25, the median home price in Foley, AL is $307,000, with a year-over-year change of -0.6%. This indicates that home prices in Foley, AL are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | -0.6% |
| Single Family | $308,000 | -0.6% |
| Condos | $238,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 0.0% |
3 Bed | $289,000 | -1.0% |
4 Bed | $349,000 | 0.3% |
| 5 Bed | $464,000 | 1.8% |
% of Housing Stock
Rental Trends — Foley, AL
As of July '25, Rentcast reports the average rent in Foley, AL is $1,890, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Foley, AL is 1-bedrooms: $1,260, 2-bedrooms: $1,540, 3-bedrooms: $1,840, 4-bedrooms: $2,290. The most common rental property sizes in Foley, AL are 2-bedroom and 3-bedroom, accounting for 35.8% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,260 |
| 2 Bed Rent | $1,350 | $1,540 |
| 3 Bed Rent | $1,900 | $1,840 |
| 4 Bed Rent | $2,200 | $2,290 |
% of Rental Stock
Property Listings — Foley, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Foley, AL is 73. This is a increase of 20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -2.0% |
Listing Count | 478 | 22.0% |
| Listings as % of Homes | 1.7% | 22.0% |
Days on Market | 73 | 20.0% |
Demographics — Foley, AL
As of the latest ACS Survey released in 2023, Foley, AL has a population of 38,400, which has increased by 27.2% over the past 5 years. Foley, AL is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,400 | 27.2% |
% Under 18 | 16.9% | -9.6% |
% Seniors | 26.8% | 22.4% |
% WFH | 7.0% | 66.7% |
% w/ College Degree | 25.5% | 7.1% |
As of the latest ACS Survey released in 2023, Foley, AL is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Foley, AL is hispanic, making up 9.6% of the population. Foreign-born residents account for 5.6% of the population in Foley, AL, and this percentage has increased by 19.1% 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 | 77.9% | -1.9% |
% Black | 5.0% | -54.5% |
% Hispanic | 9.6% | 29.7% |
% Asian | 1.8% | 350.0% |
% Foreign Born | 5.6% | 19.1% |
Mortgage and Risk — Foley, AL
According to HUD data as of 2023, there were 1213 mortgage originations in Foley, AL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Foley, AL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,213 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Foley, AL
As of 2024, the percent of homes in Foley, AL under the Section 8 program is 5.6%. 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 Foley, AL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 213 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,200 | $960 |
| 2 Bedroom | -$120 | $1,350 | $1,230 |
| 3 Bedroom | -$390 | $1,900 | $1,510 |
| 4 Bedroom | -$290 | $2,200 | $1,910 |
Affordability — Foley, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $307,000 |
| Median Household Income | $67,000 |