Phenix City, AL—36870
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 $234,000, with a year-over-year change of 2.0%. 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 | $234,000 | 2.0% |
| Single Family | $234,000 | 2.2% |
| 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 | $232,000 | 2.7% |
4 Bed | $299,000 | 1.7% |
| 5 Bed | $352,000 | 1.4% |
% of Housing Stock
Rental Trends — Phenix City, AL
As of July '25, Rentcast reports the average rent in Phenix City, AL is $1,690, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Phenix City, AL is 2-bedrooms: $867, 3-bedrooms: $1,750, 4-bedrooms: $2,000. The most common rental property sizes in Phenix City, AL are 3-bedroom and 2-bedroom, accounting for 45.2% and 42.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $867 |
| 3 Bed Rent | $1,800 | $1,750 |
| 4 Bed Rent | $1,920 | $2,000 |
% 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 44. This is a increase of 14.0% 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 | $287,000 | 13.0% |
Listing Count | 86 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 44 | 14.0% |
Demographics — Phenix City, AL
As of the latest ACS Survey released in 2023, Phenix City, AL has a population of 19,700, which has decreased by -7.2% over the past 5 years. Phenix City, AL is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | -7.2% |
% Under 18 | 24.6% | -4.7% |
% Seniors | 13.0% | 21.5% |
% WFH | 10.2% | 161.5% |
% w/ College Degree | 22.2% | 39.6% |
As of the latest ACS Survey released in 2023, Phenix City, AL is a predominantly white area, with 72.3% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Phenix City, AL is black, making up 18.4% of the population. Foreign-born residents account for 3.3% of the population in Phenix City, AL, and this percentage has increased by 43.5% 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 | 72.3% | 1.7% |
% Black | 18.4% | -8.0% |
% Hispanic | 4.5% | 18.4% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 3.3% | 43.5% |
Mortgage and Risk — Phenix City, AL
According to HUD data as of 2023, there were 317 mortgage originations in Phenix City, AL, of which 36.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Phenix City, AL. Investor activity is low, as 2.0% 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 | 317 |
% Conventional Loans | 36.0% |
% Government Loans | 64.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Phenix City, AL
Phenix City, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | $335 | $825 | $1,160 |
| 3 Bedroom | -$280 | $1,800 | $1,520 |
| 4 Bedroom | -$260 | $1,920 | $1,660 |
Affordability — Phenix City, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $234,000 |
| Median Household Income | $69,700 |