Lamar County, Alabama Housing Market
In Lamar County, Alabama, the median home value is $114,000, with a median monthly rent of $549. This places Lamar County at #2737 nationally out of 3134 counties by median home value, and #54 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: $1,028
- Establishments: 251
- BLS QCEW, 2025
Migration Patterns
- Inflow: 4,708 (avg $54,889)
- Outflow: 4,568 (avg $54,949)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lamar County Compares
| Metric | Lamar County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $114,000 | $159,659 | $227,706 |
| Median Gross Rent | $549 | $820 | $968 |
| Owner Occupancy Rate | 75.7% | 73.2% | 73.3% |
| Price/Rent Ratio | 17.3 | 16.0 | 18.7 |
Market Analysis
The median home value in Lamar County is 28.6% below the Alabama state average and 49.9% below the U.S. national average. The median rent of $549/month is 33.0% below the state average.
With a price-to-rent ratio of 17.3, the buy-vs-rent decision in Lamar County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lamar County has an owner-occupancy rate of 75.7%, 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 |
|---|---|---|---|
| Crenshaw County | Alabama | $114,000 | $661 |
| 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. |
|---|---|---|---|
| Crenshaw County | $114,000 | $661 | 73.2% |
| 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).