Phenix City, AL—36867
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phenix City, AL
As of Oct '25, the median home price in Phenix City, AL is $184,000, with a year-over-year change of 3.6%. This indicates that home prices in Phenix City, AL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | 3.6% |
| Single Family | $184,000 | 3.4% |
| Condos | $186,000 | 6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $108,000 | 0.9% |
3 Bed | $213,000 | 4.4% |
4 Bed | $328,000 | 2.8% |
| 5 Bed | $404,000 | 2.3% |
% of Housing Stock
Rental Trends — Phenix City, AL
As of July '25, Rentcast reports the average rent in Phenix City, AL is $1,170, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Phenix City, AL is 1-bedrooms: $962, 2-bedrooms: $950, 3-bedrooms: $1,440, 4-bedrooms: $1,550. The most common rental property sizes in Phenix City, AL are 2-bedroom and 3-bedroom, accounting for 39.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,130 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $962 |
| 2 Bed Rent | $850 | $950 |
| 3 Bed Rent | $1,350 | $1,440 |
| 4 Bed Rent | $1,400 | $1,550 |
% of Rental Stock
Property Listings — Phenix City, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Phenix City, AL is 63. This is a increase of 39.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | 8.0% |
Listing Count | 104 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 63 | 39.0% |
Demographics — Phenix City, AL
As of the latest ACS Survey released in 2023, Phenix City, AL has a population of 22,400, which has decreased by -2.4% over the past 5 years. Phenix City, AL is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,400 | -2.4% |
% Under 18 | 22.9% | -8.0% |
% Seniors | 15.4% | 14.1% |
% WFH | 8.6% | 273.9% |
% w/ College Degree | 27.9% | 24.6% |
As of the latest ACS Survey released in 2023, Phenix City, AL is a predominantly white area, with 52.6% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Phenix City, AL is black, making up 34.7% of the population. Foreign-born residents account for 4.4% of the population in Phenix City, AL, and this percentage has increased by 91.3% 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 | 52.6% | -7.4% |
% Black | 34.7% | 4.2% |
% Hispanic | 6.6% | 46.7% |
% Asian | 1.9% | 216.7% |
% Foreign Born | 4.4% | 91.3% |
Mortgage and Risk — Phenix City, AL
According to HUD data as of 2023, there were 392 mortgage originations in Phenix City, AL, of which 40.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Phenix City, AL. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 392 |
% Conventional Loans | 40.0% |
% Government Loans | 60.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Phenix City, AL
As of 2024, the percent of homes in Phenix City, AL under the Section 8 program is 12.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Phenix City, AL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,158 |
Total Units Section 8 | 669 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 75.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $750 | $890 |
| 2 Bedroom | $190 | $850 | $1,040 |
| 3 Bedroom | $30 | $1,350 | $1,380 |
| 4 Bedroom | $230 | $1,400 | $1,630 |
Affordability — Phenix City, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $184,000 |
| Median Household Income | $46,800 |