Limestone County, Alabama Housing Market
In Limestone County, Alabama, the median home value is $281,000, with a median monthly rent of $970. This places Limestone County at #724 nationally out of 3134 counties by median home value, and #4 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: $1,151
- Establishments: 2,199
- BLS QCEW, 2025
Housing Supply
- Single-family: 447
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 41,173 (avg $87,856)
- Outflow: 37,500 (avg $88,114)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Limestone County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 35620 | 283.8 | +11.66% | 2025 |
| 2 | 35739 | 268.6 | +5.60% | 2025 |
| 3 | 35611 | 267.1 | +5.98% | 2025 |
| 4 | 35773 | 266.2 | +3.19% | 2025 |
| 5 | 35757 | 245.2 | -0.04% | 2025 |
| 6 | 35749 | 240.9 | -1.31% | 2025 |
| 7 | 35613 | 237.3 | -0.38% | 2025 |
| 8 | 35756 | 261.9 | +0.94% | 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.
📝 Editor's Insight
Limestone County, Alabama, presents a complex housing landscape characterized by significant premium valuation relative to state norms, yet maintains a buyer’s advantage in terms of rental affordability. The market is best classified as balanced with a slight tilt toward buyers, evidenced by a price-to-income ratio of 3.36, which is only marginally above the national average of 3.20. Conversely, the rent burden stands at 13.9% of income, well below the national benchmark of 17.2%, suggesting that renting remains a highly affordable option compared to purchasing. This dynamic is reinforced by a price-to-rent ratio of 24.1, exceeding the national average of 18.7, which typically indicates that buying is less financially advantageous than renting in the immediate term when considering cash flow. The multi-year trend reveals a period of exceptional appreciation, with median home values surging from $146,300 in 2017 to $281,000 in 2024. This represents a cumulative increase of approximately 92% over seven years, driven by a peak year-over-year growth of 23.8% in 2022. However, recent momentum has moderated significantly. The FHFA House Price Index for 2025 shows a year-over-year change of +2.58%, slightly lagging the state average of +2.79%. This deceleration from double-digit growth to low single-digit increases suggests the market is normalizing after the post-pandemic surge. Notably, home values are rising faster than rents, creating a divergence that widens the gap between the cost of ownership and tenancy. Regional context highlights Limestone County’s premium status, with median home values 76.0% above the state average and 23.4% above the national mean. This premium is supported by a median household income of $83,629, which is 23.0% higher than the national average. The local economy supports this demand through 27,283 jobs and an average weekly wage of $1,151. Migration data indicates sustained in-migration, with a net gain of 3,673 filers between 2021 and 2022, primarily driven by inflows of 41,173 individuals. Housing supply remains constrained, with only 449 new units authorized in 2025, predominantly single-family homes. With the 30-year fixed mortgage rate at 7.40%, high borrowing costs further temper demand. For potential buyers, the current environment offers entry into a high-appreciation market with strong income fundamentals, while renters benefit from low relative housing costs. The moderation in price growth suggests a stabilization phase rather than a correction, supported by robust local employment and continued population inflow.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Limestone County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Limestone County →How Limestone County Compares
| Metric | Limestone County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $281,000 | $159,659 | $227,706 |
| Median Gross Rent | $970 | $820 | $968 |
| Owner Occupancy Rate | 77.6% | 73.2% | 73.3% |
| Price/Rent Ratio | 24.1 | 16.0 | 18.7 |
Market Analysis
The median home value in Limestone County is 76.0% above the Alabama state average and 23.4% above the U.S. national average. The median rent of $970/month is 18.3% above the state average.
With a price-to-rent ratio of 24.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Limestone County has an owner-occupancy rate of 77.6%, 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 |
|---|---|---|---|
| Mohave County | Arizona | $281,000 | $1,091 |
| Bedford County | Tennessee | $281,200 | $1,051 |
| Porter County | Indiana | $281,500 | $1,219 |
| Klamath County | Oregon | $280,400 | $991 |
| Montgomery County | Tennessee | $280,200 | $1,308 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Madison County | $299,200 | $1,209 | 68.3% |
| Lee County | $262,200 | $1,058 | 66.3% |
| Tuscaloosa County | $248,700 | $1,037 | 61.4% |
| Baldwin County | $316,900 | $1,277 | 77.6% |
| Jefferson County | $240,000 | $1,193 | 63.9% |
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).