Reads Mill, AL—36279
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Reads Mill, AL
As of Oct '25, the median home price in Reads Mill, AL is $183,000, with a year-over-year change of -0.1%. This indicates that home prices in Reads Mill, AL are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | -0.1% |
| Single Family | $183,000 | 0.5% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Reads Mill, AL
Reads Mill, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Reads Mill, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Reads Mill, AL is 119. This is a increase of 49.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | 48.0% |
Listing Count | 8 | 100.0% |
| Listings as % of Homes | 0.3% | 100.0% |
Days on Market | 119 | 49.0% |
Demographics — Reads Mill, AL
As of the latest ACS Survey released in 2023, Reads Mill, AL has a population of 3,290, which has increased by 40.7% over the past 5 years. Reads Mill, AL is a popular place for families, as children make up 33.5% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,290 | 40.7% |
% Under 18 | 33.5% | 105.5% |
% Seniors | 16.3% | 4.5% |
% WFH | 1.7% | -15.0% |
% w/ College Degree | 18.1% | 19.1% |
As of the latest ACS Survey released in 2023, Reads Mill, AL is a predominantly white area, with 95.5% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Reads Mill, AL is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.5% of the population in Reads Mill, AL, and this percentage has decreased by 54.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.5% | -0.9% |
% Black | 1.2% | 140.0% |
% Hispanic | 3.0% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -54.5% |
Mortgage and Risk — Reads Mill, AL
According to HUD data as of 2023, there were 82 mortgage originations in Reads Mill, AL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Reads Mill, AL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Reads Mill, AL
Reads Mill, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Reads Mill, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $183,000 |
| Median Household Income | $56,800 |