Lanett, AL—36863
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lanett, AL
As of Oct '25, the median home price in Lanett, AL is $120,000, with a year-over-year change of 2.6%. This indicates that home prices in Lanett, AL are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $120,000 | 2.6% |
| Single Family | $120,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $100,000 | 4.2% |
3 Bed | $171,000 | 5.6% |
4 Bed | $253,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lanett, AL
As of July '25, Rentcast reports the average rent in Lanett, AL is $1,190, with a year-over-year rent change of -20.7%. Per bedroom, the median rent as of July '25 in Lanett, AL is 3-bedrooms: $1,190. The most common rental property sizes in Lanett, AL are 2-bedroom and 3-bedroom, accounting for 32.2% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,300 | $1,190 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lanett, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lanett, AL is 50. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $202,000 | -22.0% |
Listing Count | 30 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 50 | 1.0% |
Demographics — Lanett, AL
As of the latest ACS Survey released in 2023, Lanett, AL has a population of 12,300, which has increased by 6.3% over the past 5 years. Lanett, AL is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 9.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | 6.3% |
% Under 18 | 22.0% | 8.4% |
% Seniors | 19.1% | -10.7% |
% WFH | 3.1% | 29.2% |
% w/ College Degree | 9.8% | -34.2% |
As of the latest ACS Survey released in 2023, Lanett, AL is a predominantly white area, with 45.8% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Lanett, AL is black, making up 45.3% of the population. Foreign-born residents account for 4.6% of the population in Lanett, AL, and this percentage has increased by 283.3% 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 | 45.8% | -14.4% |
% Black | 45.3% | 7.9% |
% Hispanic | 5.7% | 280.0% |
% Asian | 0.4% | -60.0% |
% Foreign Born | 4.6% | 283.3% |
Mortgage and Risk — Lanett, AL
According to HUD data as of 2023, there were 116 mortgage originations in Lanett, AL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Lanett, AL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lanett, AL
Lanett, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 379 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | -$120 | $1,300 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Lanett, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $120,000 |
| Median Household Income | $45,300 |