Opelika, AL—36804
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Opelika, AL
Home Price Trends — Opelika, AL
As of Oct '25, the median home price in Opelika, AL is $311,000, with a year-over-year change of 1.9%. This indicates that home prices in Opelika, AL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 1.9% |
| Single Family | $313,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $276,000 | 2.6% |
4 Bed | $379,000 | 1.9% |
| 5 Bed | $439,000 | 0.0% |
% of Housing Stock
Rental Trends — Opelika, AL
As of July '25, Rentcast reports the average rent in Opelika, AL is $1,740, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Opelika, AL is 2-bedrooms: $1,100, 3-bedrooms: $1,470, 4-bedrooms: $2,420. The most common rental property sizes in Opelika, AL are 3-bedroom and 2-bedroom, accounting for 49.2% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,100 |
| 3 Bed Rent | $1,300 | $1,470 |
| 4 Bed Rent | $2,400 | $2,420 |
% of Rental Stock
Property Listings — Opelika, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Opelika, AL is 50. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $334,000 | 3.0% |
Listing Count | 113 | 16.0% |
| Listings as % of Homes | 0.9% | 16.0% |
Days on Market | 50 | -1.0% |
Demographics — Opelika, AL
As of the latest ACS Survey released in 2023, Opelika, AL has a population of 19,500, which has increased by 4.8% over the past 5 years. Opelika, AL is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 4.8% |
% Under 18 | 22.9% | -2.1% |
% Seniors | 13.7% | 1.5% |
% WFH | 6.2% | 21.6% |
% w/ College Degree | 32.0% | 45.5% |
As of the latest ACS Survey released in 2023, Opelika, AL is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Opelika, AL is black, making up 27.1% of the population. Foreign-born residents account for 4.4% of the population in Opelika, AL, and this percentage has increased by 109.5% 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 | 60.5% | -7.6% |
% Black | 27.1% | 5.0% |
% Hispanic | 8.5% | 88.9% |
% Asian | 1.0% | -28.6% |
% Foreign Born | 4.4% | 109.5% |
Mortgage and Risk — Opelika, AL
According to HUD data as of 2023, there were 594 mortgage originations in Opelika, AL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Opelika, AL. Investor activity is low, as 2.0% 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 | 594 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Opelika, AL
Opelika, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 124 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | -$10 | $1,000 | $990 |
| 3 Bedroom | $40 | $1,300 | $1,340 |
| 4 Bedroom | -$830 | $2,400 | $1,570 |
Affordability — Opelika, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $311,000 |
| Median Household Income | $57,800 |