Opelika, AL—36801
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Opelika, AL
Home Price Trends — Opelika, AL
As of Oct '25, the median home price in Opelika, AL is $284,000, with a year-over-year change of 2.7%. This indicates that home prices in Opelika, AL are increasing. 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 | $284,000 | 2.7% |
| Single Family | $286,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 2.7% |
3 Bed | $290,000 | 2.5% |
4 Bed | $411,000 | 3.5% |
| 5 Bed | $494,000 | 4.7% |
% of Housing Stock
Rental Trends — Opelika, AL
As of July '25, Rentcast reports the average rent in Opelika, AL is $1,750, with a year-over-year rent change of 7.4%. Per bedroom, the median rent as of July '25 in Opelika, AL is 1-bedrooms: $1,220, 2-bedrooms: $1,490, 3-bedrooms: $1,950, 4-bedrooms: $2,400. The most common rental property sizes in Opelika, AL are 2-bedroom and 3-bedroom, accounting for 42.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,220 |
| 2 Bed Rent | $1,380 | $1,490 |
| 3 Bed Rent | $1,950 | $1,950 |
| 4 Bed Rent | $2,500 | $2,400 |
% of Rental Stock
Property Listings — Opelika, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Opelika, AL is 56. This is a decrease of -27.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 14.0% |
Listing Count | 144 | 1.0% |
| Listings as % of Homes | 1.2% | 1.0% |
Days on Market | 56 | -27.0% |
Demographics — Opelika, AL
As of the latest ACS Survey released in 2023, Opelika, AL has a population of 24,500, which has decreased by -1.4% over the past 5 years. Opelika, AL is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,500 | -1.4% |
% Under 18 | 22.3% | -0.9% |
% Seniors | 19.6% | 34.2% |
% WFH | 6.0% | 100.0% |
% w/ College Degree | 32.7% | 18.9% |
As of the latest ACS Survey released in 2023, Opelika, AL is a predominantly white area, with 53.1% of the population identifying as white. The white population has grown by 8.6% in the last 5 years. The second most common race or ethnicity in Opelika, AL is black, making up 37.9% of the population. Foreign-born residents account for 4.2% of the population in Opelika, AL, and this percentage has decreased by 2.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.1% | 8.6% |
% Black | 37.9% | -16.2% |
% Hispanic | 7.7% | 305.3% |
% Asian | 1.6% | -52.9% |
% Foreign Born | 4.2% | -2.3% |
Mortgage and Risk — Opelika, AL
According to HUD data as of 2023, there were 522 mortgage originations in Opelika, AL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Opelika, 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 | 522 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Opelika, AL
As of 2024, the percent of homes in Opelika, AL under the Section 8 program is 29.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Opelika, 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 | 1,074 |
Total Units Section 8 | 1,074 |
% Rentals under Section 8 | 29.0% |
% Occupied Section 8 | 84.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $1,250 | $930 |
| 2 Bedroom | -$300 | $1,380 | $1,080 |
| 3 Bedroom | -$540 | $1,950 | $1,410 |
| 4 Bedroom | -$990 | $2,500 | $1,510 |
Affordability — Opelika, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $284,000 |
| Median Household Income | $58,300 |