Fayette County, Alabama Housing Market
In Fayette County, Alabama, the median home value is $125,900, with a median monthly rent of $667. This places Fayette County at #2534 nationally out of 3134 counties by median home value, and #46 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: $1,043
- Establishments: 320
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,501 (avg $55,754)
- Outflow: 5,280 (avg $55,804)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Fayette County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 35594 | 198.9 | -9.02% | 2025 |
| 2 | 35555 | 206.0 | +6.66% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Fayette County Compares
| Metric | Fayette County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $125,900 | $159,659 | $227,706 |
| Median Gross Rent | $667 | $820 | $968 |
| Owner Occupancy Rate | 78.4% | 73.2% | 73.3% |
| Price/Rent Ratio | 15.7 | 16.0 | 18.7 |
Market Analysis
The median home value in Fayette County is 21.1% below the Alabama state average and 44.7% below the U.S. national average. The median rent of $667/month is 18.7% below the state average.
With a price-to-rent ratio of 15.7, the buy-vs-rent decision in Fayette County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Fayette County has an owner-occupancy rate of 78.4%, compared to 73.2% in Alabama and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cheyenne County | Kansas | $125,900 | $656 |
| Washington County | North Carolina | $125,900 | $743 |
| Cumberland County | Illinois | $126,000 | $772 |
| Jefferson County | Illinois | $126,000 | $885 |
| Menifee County | Kentucky | $125,800 | $675 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hale County | $127,600 | $715 | 74.4% |
| Pickens County | $123,900 | $648 | 75.8% |
| Choctaw County | $123,400 | $543 | 82.4% |
| Clarke County | $121,700 | $782 | 70.8% |
| Geneva County | $130,700 | $784 | 78.1% |
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).