Theodore, AL—36582
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Theodore, AL
As of Oct '25, the median home price in Theodore, AL is $200,000, with a year-over-year change of -1.1%. This indicates that home prices in Theodore, AL are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $200,000 | -1.1% |
| Single Family | $200,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $121,000 | -5.5% |
3 Bed | $193,000 | -0.5% |
4 Bed | $282,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Theodore, AL
As of July '25, Rentcast reports the average rent in Theodore, AL is $1,500, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Theodore, AL is studios: $1,500, 2-bedrooms: $950, 3-bedrooms: $1,590, 4-bedrooms: $1,600. The most common rental property sizes in Theodore, AL are 2-bedroom and 3-bedroom, accounting for 43.5% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | $1,700 | $1,590 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Theodore, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Theodore, AL is 70. This is a increase of 8.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 3.0% |
Listing Count | 114 | 38.0% |
| Listings as % of Homes | 0.3% | 38.0% |
Days on Market | 70 | 8.0% |
Demographics — Theodore, AL
As of the latest ACS Survey released in 2023, Theodore, AL has a population of 23,800, which has decreased by -3.3% over the past 5 years. Theodore, AL is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,800 | -3.3% |
% Under 18 | 22.9% | -12.9% |
% Seniors | 16.3% | 15.6% |
% WFH | 5.5% | 25.0% |
% w/ College Degree | 19.6% | 7.1% |
As of the latest ACS Survey released in 2023, Theodore, AL is a predominantly white area, with 72.9% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Theodore, AL is black, making up 18.0% of the population. Foreign-born residents account for 2.6% of the population in Theodore, AL, and this percentage has decreased by 25.7% 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 | 72.9% | 2.4% |
% Black | 18.0% | -8.2% |
% Hispanic | 3.4% | -19.0% |
% Asian | 2.3% | 27.8% |
% Foreign Born | 2.6% | -25.7% |
Mortgage and Risk — Theodore, AL
According to HUD data as of 2023, there were 349 mortgage originations in Theodore, AL, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Theodore, AL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 349 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Theodore, AL
Theodore, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 411 |
Total Units Section 8 | 317 |
% Rentals under Section 8 | 16.0% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | $40 | $950 | $990 |
| 3 Bedroom | -$390 | $1,700 | $1,310 |
| 4 Bedroom | -$260 | $1,600 | $1,340 |
Affordability — Theodore, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $200,000 |
| Median Household Income | $61,500 |