Manila, AL—36703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manila, AL
As of Oct '25, the median home price in Manila, AL is $55,000, with a year-over-year change of -5.3%. This indicates that home prices in Manila, AL are decreasing. According to Zillow, the 1-year price projection is -4.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $55,000 | -5.3% |
| Single Family | $55,000 | -6.8% |
| 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 | $115,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manila, AL
As of July '25, Rentcast reports the average rent in Manila, AL is $1,060, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Manila, AL is 1-bedrooms: $795, 2-bedrooms: $1,100, 3-bedrooms: $1,300. The most common rental property sizes in Manila, AL are 2-bedroom and 3-bedroom, accounting for 46.5% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manila, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Manila, AL is 120. This is a increase of 10.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $67,500 | 50.0% |
Listing Count | 30 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 120 | 10.0% |
Demographics — Manila, AL
As of the latest ACS Survey released in 2023, Manila, AL has a population of 9,490, which has decreased by -29.7% over the past 5 years. Manila, AL is a moderately popular place for families, as children make up 16.4% of the population. The area has a poorly educated workforce, with 10.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,490 | -29.7% |
% Under 18 | 16.4% | -34.9% |
% Seniors | 23.2% | 79.8% |
% WFH | 6.3% | 1,160.0% |
% w/ College Degree | 10.4% | -3.7% |
As of the latest ACS Survey released in 2023, Manila, AL is a predominantly black area, with 69.2% of the population identifying as black. The black population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Manila, AL is white, making up 26.1% of the population. Foreign-born residents account for 0.7% of the population in Manila, AL, and this percentage has increased by 40.0% 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 | 26.1% | 14.5% |
% Black | 69.2% | -8.6% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.5% | 400.0% |
% Foreign Born | 0.7% | 40.0% |
Mortgage and Risk — Manila, AL
According to HUD data as of 2023, there were 82 mortgage originations in Manila, AL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Manila, AL. Investor activity is low, as 9.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Manila, AL
Manila, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 641 |
Total Units Section 8 | 508 |
% Rentals under Section 8 | 23.9% |
% Occupied Section 8 | 73.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $795 | $830 |
| 2 Bedroom | -$110 | $1,100 | $990 |
| 3 Bedroom | -$50 | $1,300 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Manila, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $55,000 |
| Median Household Income | $30,100 |