Phenix City, AL—36869
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 $166,000, with a year-over-year change of 0.4%. This indicates that home prices in Phenix City, AL are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 0.4% |
| Single Family | $166,000 | 0.6% |
| 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 | $182,000 | 4.6% |
4 Bed | $260,000 | 4.4% |
| 5 Bed | $321,000 | 3.2% |
% of Housing Stock
Rental Trends — Phenix City, AL
As of July '25, Rentcast reports the average rent in Phenix City, AL is $1,130, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Phenix City, AL is 1-bedrooms: $600, 2-bedrooms: $791, 3-bedrooms: $1,420, 4-bedrooms: $1,680. The most common rental property sizes in Phenix City, AL are 3-bedroom and 2-bedroom, accounting for 50.7% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 2 Bed Rent | $775 | $791 |
| 3 Bed Rent | $1,520 | $1,420 |
| 4 Bed Rent | $1,800 | $1,680 |
% 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 48. This is a decrease of -11.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | -9.0% |
Listing Count | 57 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 48 | -11.0% |
Demographics — Phenix City, AL
As of the latest ACS Survey released in 2023, Phenix City, AL has a population of 21,000, which has remained stable by -0.4% over the past 5 years. Phenix City, AL is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,000 | -0.4% |
% Under 18 | 23.1% | -10.1% |
% Seniors | 13.5% | 14.4% |
% WFH | 7.3% | 386.7% |
% w/ College Degree | 14.8% | 8.8% |
As of the latest ACS Survey released in 2023, Phenix City, AL is a predominantly black area, with 50.5% of the population identifying as black. The black population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Phenix City, AL is white, making up 41.1% of the population. Foreign-born residents account for 2.8% of the population in Phenix City, AL, and this percentage has increased by 7.7% 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 | 41.1% | 9.6% |
% Black | 50.5% | -2.9% |
% Hispanic | 4.7% | -20.3% |
% Asian | 0.1% | -90.9% |
% Foreign Born | 2.8% | 7.7% |
Mortgage and Risk — Phenix City, AL
According to HUD data as of 2023, there were 366 mortgage originations in Phenix City, AL, of which 33.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 63.0% above 90% LTV (very high). This implies large mortgage risk in Phenix City, AL. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 366 |
% Conventional Loans | 33.0% |
% Government Loans | 67.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
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 10.7%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Phenix City, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 610 |
Total Units Section 8 | 410 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 76.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $600 | $850 |
| 2 Bedroom | $235 | $775 | $1,010 |
| 3 Bedroom | -$190 | $1,520 | $1,330 |
| 4 Bedroom | -$180 | $1,800 | $1,620 |
Affordability — Phenix City, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $166,000 |
| Median Household Income | $50,300 |