Pickens County, Alabama Housing Market
In Pickens County, Alabama, the median home value is $123,900, with a median monthly rent of $648. This places Pickens County at #2567 nationally out of 3134 counties by median home value, and #47 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: $950
- Establishments: 334
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,218 (avg $57,112)
- Outflow: 6,029 (avg $57,189)
- IRS Statistics of Income
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| Metric | Pickens County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $123,900 | $159,659 | $227,706 |
| Median Gross Rent | $648 | $820 | $968 |
| Owner Occupancy Rate | 75.8% | 73.2% | 73.3% |
| Price/Rent Ratio | 15.9 | 16.0 | 18.7 |
Market Analysis
The median home value in Pickens County is 22.4% below the Alabama state average and 45.6% below the U.S. national average. The median rent of $648/month is 21.0% below the state average.
With a price-to-rent ratio of 15.9, the buy-vs-rent decision in Pickens County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Pickens County has an owner-occupancy rate of 75.8%, 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 |
|---|---|---|---|
| Golden Valley County | North Dakota | $123,900 | $638 |
| Miller County | Georgia | $124,000 | $810 |
| Glascock County | Georgia | $123,800 | $642 |
| Perry County | Mississippi | $124,000 | $755 |
| Sheridan County | Montana | $124,000 | $746 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Choctaw County | $123,400 | $543 | 82.4% |
| Fayette County | $125,900 | $667 | 78.4% |
| Clarke County | $121,700 | $782 | 70.8% |
| Monroe County | $120,600 | $666 | 71.7% |
| Hale County | $127,600 | $715 | 74.4% |
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).