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Grand Bay, AL—36541

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$212,000
0.0% YoY Growth
Household Income
$76,600
41.8% YoY Growth
Days on Market
92
23.0% Shorter YoY
Home Price Forecast
0.7%
Median Rent
$900
16.7% YoY Growth
1-Bed Rent
$900
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Grand Bay, AL

As of Dec '25, the median home price in Grand Bay, AL is $212,000, with a year-over-year change of 0.0%. This indicates that home prices in Grand Bay, 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 TypeMedian Home ValueYoY % Change
All Homes
$212,0000.0%
Single Family $212,0000.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$126,000-3.8%
    3 Bed
    		$211,0000.5%
    4 Bed
    		$308,0002.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    2.1%
    2 Bedrooms
    9.3%
    3 Bedrooms
    67.7%
    4 Bedrooms
    17.3%
    5+ Bedrooms
    3.1%

    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.

    TypeMedian RentAverage Rent
    Average Rent$900$1,000
    Studio Rent N/AN/A
    1 Bed Rent $900$1,000
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    11.9%
    2 Bedrooms
    11.8%
    3 Bedrooms
    62.5%
    4 Bedrooms
    13.9%

    Property Listings — Grand Bay, AL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Grand Bay, AL is 66. This is a decrease of -28.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$282,000-8.0%
    Listing Count
    		4553.0%
    Listings as % of Homes0.2%53.0%
    Days on Market
    		92-23.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		16,4004.6%
    % Under 18
    		25.6%-11.1%
    % Seniors
    		18.0%27.7%
    % WFH
    		5.9%-24.4%
    % w/ College Degree
    		14.0%0.0%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$90$900$990
    2 BedroomN/AN/A$1,190
    3 BedroomN/AN/A$1,570
    4 BedroomN/AN/A$1,590

    Affordability — Grand Bay, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$212,000
    Median Household Income$76,600

    Grand Bay, AL — ZIP Code Boundary Map

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    Frequently Asked Questions