Owens Cross Roads, AL—35763
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Owens Cross Roads, AL
As of Oct '25, the median home price in Owens Cross Roads, AL is $439,000, with a year-over-year change of 2.8%. This indicates that home prices in Owens Cross Roads, AL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $439,000 | 2.8% |
| Single Family | $439,000 | 2.8% |
| 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 | $330,000 | 0.6% |
4 Bed | $490,000 | 3.2% |
| 5 Bed | $630,000 | 3.4% |
% of Housing Stock
Rental Trends — Owens Cross Roads, AL
As of July '25, Rentcast reports the average rent in Owens Cross Roads, AL is $2,090, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Owens Cross Roads, AL is 1-bedrooms: $1,140, 2-bedrooms: $1,140, 3-bedrooms: $1,870, 4-bedrooms: $2,410. The most common rental property sizes in Owens Cross Roads, AL are 3-bedroom and 4-bedroom, accounting for 31.6% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,140 |
| 2 Bed Rent | $1,280 | $1,140 |
| 3 Bed Rent | $1,900 | $1,870 |
| 4 Bed Rent | $2,300 | $2,410 |
% of Rental Stock
Property Listings — Owens Cross Roads, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Owens Cross Roads, AL is 76. This is a increase of 27.0% 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 | $494,000 | 12.0% |
Listing Count | 184 | 13.0% |
| Listings as % of Homes | 1.4% | 13.0% |
Days on Market | 76 | 27.0% |
Demographics — Owens Cross Roads, AL
As of the latest ACS Survey released in 2023, Owens Cross Roads, AL has a population of 19,500, which has increased by 7.2% over the past 5 years. Owens Cross Roads, AL is a popular place for families, as children make up 28.4% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 7.2% |
% Under 18 | 28.4% | 4.4% |
% Seniors | 15.2% | 12.6% |
% WFH | 19.3% | 293.9% |
% w/ College Degree | 57.7% | -4.2% |
As of the latest ACS Survey released in 2023, Owens Cross Roads, AL is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Owens Cross Roads, AL is hispanic, making up 4.9% of the population. Foreign-born residents account for 4.1% of the population in Owens Cross Roads, AL, and this percentage has increased by 13.9% 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 | 84.8% | -3.6% |
% Black | 2.3% | -37.8% |
% Hispanic | 4.9% | 88.5% |
% Asian | 2.1% | -30.0% |
% Foreign Born | 4.1% | 13.9% |
Mortgage and Risk — Owens Cross Roads, AL
According to HUD data as of 2023, there were 1025 mortgage originations in Owens Cross Roads, AL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Owens Cross Roads, AL. Investor activity is low, as 1.0% 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 | 1,025 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Owens Cross Roads, AL
As of 2024, the percent of homes in Owens Cross Roads, AL under the Section 8 program is 4.5%. 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 Owens Cross Roads, 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 | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $1,000 | $1,610 |
| 2 Bedroom | $590 | $1,280 | $1,870 |
| 3 Bedroom | $510 | $1,900 | $2,410 |
| 4 Bedroom | $640 | $2,300 | $2,940 |
Affordability — Owens Cross Roads, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $439,000 |
| Median Household Income | $125,000 |