Reid Settlement, AL36553

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$139,000
N/A
Median Household Income
$80,500
93.4% 5-Year Growth
Days on Market
19
N/A
Home Price Forecast
N/A
Median 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

Property Listings — Reid Settlement, AL

As of Aug '25 and according to Realtor.com, the median days on market for a home in Reid Settlement, AL is 19. This is an insufficient data of NA from last year. This indicates that homes are sitting on the market insufficient data to determine a trend than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$139,000-57.0%
Listing Count
2N/A
Listings as % of HomesN/AN/A
Days on Market
19N/A
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Demographics — Reid Settlement, AL

MetricLatest CensusYoY % Change
Population
3,170-2.2%
% Under 18
18.8%-11.3%
% Under 5N/AN/A
% Seniors
14.5%11.5%
% WFH
5.7%-32.1%
% w/ College Degree
12.3%98.4%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
25.6%10.8%
% Black
39.6%-11.4%
% Hispanic
0.0%-100.0%
% Asian
0.1%∞%
% Foreign Born
2.8%∞%
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Mortgage and Risk — Reid Settlement, AL

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Reid Settlement, AL in that year was 24. 75.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 71.0%. Of those, 33.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Reid Settlement, AL. Investor activity in Reid Settlement, AL is low, as 0.0% of all loans are originated by investors. In 2023, 12.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
24N/AN/A
% Conventional Loans
75.0%N/AN/A
% Government Loans
25.0%N/AN/A
% Investor Loans
0.0%N/AN/A
% Second Loans
0.0%N/AN/A
% Cash Out Refinance
12.0%N/AN/A
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Rentals and Section 8 — Reid Settlement, AL

As of 2024, the percent of homes in Reid Settlement, AL under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

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 SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$730
2 BedroomN/AN/A$880
3 BedroomN/AN/A$1,160
4 BedroomN/AN/A$1,180

Affordability — Reid Settlement, AL

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income RatioN/AN/AN/A
Median Home PriceN/AN/AN/A
Median Household Income$80,500N/AN/A

Reid Settlement, AL — ZIP Code Boundary Map

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