Crenshaw County, Alabama Housing Market
In Crenshaw County, Alabama, the median home value is $114,000, with a median monthly rent of $661. This places Crenshaw County at #2736 nationally out of 3134 counties by median home value, and #53 within Alabama.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $979
- Establishments: 264
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,900 (avg $53,696)
- Outflow: 4,688 (avg $53,490)
- IRS Statistics of Income
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| Metric | Crenshaw County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $114,000 | $159,659 | $227,706 |
| Median Gross Rent | $661 | $820 | $968 |
| Owner Occupancy Rate | 73.2% | 73.2% | 73.3% |
| Price/Rent Ratio | 14.4 | 16.0 | 18.7 |
Market Analysis
The median home value in Crenshaw County is 28.6% below the Alabama state average and 49.9% below the U.S. national average. The median rent of $661/month is 19.4% below the state average.
With a price-to-rent ratio of 14.4, buying a home in Crenshaw County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Crenshaw County has an owner-occupancy rate of 73.2%, compared to 73.2% in Alabama and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lamar County | Alabama | $114,000 | $549 |
| Emmet County | Iowa | $114,100 | $733 |
| Decatur County | Iowa | $113,900 | $611 |
| Traverse County | Minnesota | $114,100 | $615 |
| Copiah County | Mississippi | $114,100 | $766 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lamar County | $114,000 | $549 | 75.7% |
| Barbour County | $112,900 | $688 | 68.2% |
| Coosa County | $115,500 | $665 | 81.6% |
| Winston County | $118,900 | $803 | 75.8% |
| Monroe County | $120,600 | $666 | 71.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).