Montevallo, AL—35115
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montevallo, AL
As of Oct '25, the median home price in Montevallo, AL is $236,000, with a year-over-year change of -1.1%. This indicates that home prices in Montevallo, AL are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | -1.1% |
| Single Family | $237,000 | -0.8% |
| 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 | $236,000 | -0.4% |
4 Bed | $301,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montevallo, AL
As of July '25, Rentcast reports the average rent in Montevallo, AL is $1,360, with a year-over-year rent change of 15.3%. Per bedroom, the median rent as of July '25 in Montevallo, AL is 1-bedrooms: $795, 2-bedrooms: $827, 3-bedrooms: $1,510, 4-bedrooms: $1,980. The most common rental property sizes in Montevallo, AL are 2-bedroom and 3-bedroom, accounting for 38.3% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $795 |
| 2 Bed Rent | $750 | $827 |
| 3 Bed Rent | $1,620 | $1,510 |
| 4 Bed Rent | $2,000 | $1,980 |
% of Rental Stock
Property Listings — Montevallo, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Montevallo, AL is 72. This is a decrease of -9.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 9.0% |
Listing Count | 74 | 61.0% |
| Listings as % of Homes | 0.4% | 61.0% |
Days on Market | 72 | -9.0% |
Demographics — Montevallo, AL
As of the latest ACS Survey released in 2023, Montevallo, AL has a population of 16,900, which has increased by 12.0% over the past 5 years. Montevallo, AL is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 12.0% |
% Under 18 | 22.5% | 19.7% |
% Seniors | 13.5% | -11.8% |
% WFH | 9.6% | 255.6% |
% w/ College Degree | 22.1% | 11.6% |
As of the latest ACS Survey released in 2023, Montevallo, AL is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 17.2% in the last 5 years. The second most common race or ethnicity in Montevallo, AL is hispanic, making up 21.1% of the population. Foreign-born residents account for 10.9% of the population in Montevallo, AL, and this percentage has increased by 127.1% 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 | 59.2% | -17.2% |
% Black | 15.5% | 3.3% |
% Hispanic | 21.1% | 113.1% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 10.9% | 127.1% |
Mortgage and Risk — Montevallo, AL
According to HUD data as of 2023, there were 119 mortgage originations in Montevallo, AL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Montevallo, AL. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Montevallo, AL
As of 2024, the percent of homes in Montevallo, AL under the Section 8 program is 1.8%. 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 Montevallo, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $750 | $1,000 |
| 2 Bedroom | $380 | $750 | $1,130 |
| 3 Bedroom | -$200 | $1,620 | $1,420 |
| 4 Bedroom | -$420 | $2,000 | $1,580 |
Affordability — Montevallo, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $236,000 |
| Median Household Income | $54,200 |