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  4. /Fort Payne, AL - 35968

Fort Payne, AL—35968

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$236,000
2.9% YoY Growth
Household Income
$44,900
8.3% YoY Growth
Days on Market
84
59.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$900
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
$900
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Fort Payne, AL

35967
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fort Payne, AL

Fort Payne, AL lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$236,0002.9%
Single Family $236,0003.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		$255,0003.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    2.2%
    2 Bedrooms
    26.5%
    3 Bedrooms
    54.5%
    4 Bedrooms
    12.8%
    5+ Bedrooms
    3.7%

    Rental Trends — Fort Payne, AL

    Fort Payne, AL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$900$900
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $900$900
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    8.2%
    2 Bedrooms
    34.1%
    3 Bedrooms
    49.1%
    4 Bedrooms
    6.1%

    Property Listings — Fort Payne, AL

    As of May '26, Realtor.com reports that the median days on market for a home in Fort Payne, AL is 84. This is a increase of 59.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$288,000-12.0%
    Listing Count
    		244.0%
    Listings as % of Homes0.5%4.0%
    Days on Market
    		8459.0%
    Loading chart...

    Demographics — Fort Payne, AL

    As of the latest ACS Survey released in 2023, Fort Payne, AL has a population of 4,540, which has remained stable by -1.0% over the past 5 years. Fort Payne, AL is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,540-1.0%
    % Under 18
    		19.6%0.0%
    % Seniors
    		22.9%69.6%
    % WFH
    		3.9%0.0%
    % w/ College Degree
    		11.9%-2.5%
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    As of the latest ACS Survey released in 2023, Fort Payne, AL is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Fort Payne, AL is hispanic, making up 11.9% of the population. Foreign-born residents account for 5.2% of the population in Fort Payne, AL, and this percentage has decreased by 17.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		76.8%-6.0%
    % Black
    		5.9%110.7%
    % Hispanic
    		11.9%7.2%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		5.2%-17.5%
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    Mortgage and Risk — Fort Payne, AL

    According to HUD data as of 2023, there were 13 mortgage originations in Fort Payne, AL, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Fort Payne, AL. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		13
    % Conventional Loans
    		62.0%
    % Government Loans
    		38.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Fort Payne, AL

    Fort Payne, AL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		53
    Total Units Section 8
    		53
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		99.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$590
    2 Bedroom-$120$900$780
    3 BedroomN/AN/A$1,050
    4 BedroomN/AN/A$1,280

    Affordability — Fort Payne, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$236,000
    Median Household Income$44,900

    Fort Payne, AL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Rainsville, AL

    35986

    Sylvania, AL

    35988

    Fort Payne, AL

    35967

    Henagar, AL

    35978

    Gibson Crossroads, AL

    35971

    Frequently Asked Questions