Grand Bay, AL—36541
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Bay, AL
As of Oct '25, the median home price in Grand Bay, AL is $212,000, with a year-over-year change of -0.1%. This indicates that home prices in Grand Bay, AL are flat. According to Zillow, the 1-year price projection is 0.4%, 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 | -0.1% |
| Single Family | $212,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | -4.5% |
3 Bed | $211,000 | 0.0% |
4 Bed | $307,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grand Bay, AL
As of July '25, Rentcast reports the average rent in Grand Bay, AL is $1,000, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in Grand Bay, AL is 1-bedrooms: $1,000. The most common rental property sizes in Grand Bay, AL are 3-bedroom and 4-bedroom, accounting for 62.5% and 13.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grand Bay, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Bay, AL is 47. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -7.0% |
Listing Count | 55 | 52.0% |
| Listings as % of Homes | 0.2% | 52.0% |
Days on Market | 47 | -9.0% |
Demographics — Grand Bay, AL
As of the latest ACS Survey released in 2023, Grand Bay, AL has a population of 16,400, which has increased by 4.6% over the past 5 years. Grand Bay, AL is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 14.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | 4.6% |
% Under 18 | 25.6% | -11.1% |
% Seniors | 18.0% | 27.7% |
% WFH | 5.9% | -24.4% |
% w/ College Degree | 14.0% | 0.0% |
As of the latest ACS Survey released in 2023, Grand Bay, AL is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in Grand Bay, AL is black, making up 16.9% of the population. Foreign-born residents account for 1.3% of the population in Grand Bay, AL, and this percentage has increased by 225.0% 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 | 73.9% | -15.5% |
% Black | 16.9% | 92.0% |
% Hispanic | 2.9% | 70.6% |
% Asian | 0.9% | 28.6% |
% Foreign Born | 1.3% | 225.0% |
Mortgage and Risk — Grand Bay, AL
According to HUD data as of 2023, there were 303 mortgage originations in Grand Bay, AL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Grand Bay, AL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 303 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Grand Bay, AL
Grand Bay, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $900 | $990 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Grand Bay, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $212,000 |
| Median Household Income | $76,600 |